Cardinal Health Increases Their Dividend by 1% in 2021

Dividend Increase Announcement

On May 6th, Cardinal Health announced a dividend increase of 1%. This will increase their dividend per quarter from $0.4859 to $0.4908. It is payable on July 15th for shareholders of record on July 1st. The new quarterly dividend represents an annualized dividend amount of $1.9632 per share as compared to the current annualized dividend amount of $1.9436 per share.

Cardinal Health Dividend Information

Annual Dividend: $1.9632
Dividend Yield: 3.23%
Dividend Growth History: 34 year

Dividend Increase Affect On More Dividends

I am currently holding 20.47 shares of Cardinal Health in the More Dividends portfolio. With this 1% increase it will add an additional $0.40 to my projected annual dividend income and this doesn’t even take into account the compounding factor!

Conclusion

Cardinal Health has been in my portfolio for some time now.

If I am being completely honest, I would have to review the company to have a true point of view on them.

So currently, I would just continue to hold the position until I felt better educated on what I should do with it.

Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉

Do you currently hold any stock in Cardinal Health? What do you think of this dividend increase? Just let me know in the comments.

As always I look forward to reading all of your comments and questions, until then….. happy investing!

-Jason from MoreDividends.com

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