5 Best Dividend Aristocrats with over 3% Yield

4. Cardinal Health, Inc. (NYSE:CAH)

Number of Hedge Fund Holders: 40

Dividend Yield: 4.03%

Cardinal Health, Inc. (NYSE:CAH) is a multinational Healthcare services company that provides pharmaceutical products and medical services to pharmacies and hospitals. Headquartered in Ohio, the Healthcare company comes in at fourth on our list of the 11 best dividend aristocrats with over 3% yield.

In August of 2021, Deutsche Bank kept a Hold rating on shares of Cardinal Health, Inc. (NYSE:CAH), alongside a price target of $51.

The company last released its quarterly earnings report on August 5, with reported earnings per share of $0.77, missing estimates by $0.43. The company’s revenue came in at $42.59 billion, surpassing the estimated revenue by $2.37 billion.

By the end of the second quarter of 2021, 40 hedge funds out of the 873 tracked by Insider Monkey held stakes in Cardinal Health, Inc. (NYSE: CAH) worth roughly $897 million. This is compared to 39 hedge funds in the previous quarter with a total stake value of approximately $967 million.