5 Blue Chip Dividend Stocks with Over 3% Yield

In this article, we discuss 5 blue chip dividend stocks with over 3% yield. If you want to see some more dividend paying blue chip stocks, click 10 Blue Chip Dividend Stocks with Over 3% Yield.

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

Number of Hedge Fund Holders: 39

Dividend Yield as of April 22: 3.19%

Cardinal Health, Inc. (NYSE:CAH) was founded in 1979 and is headquartered in Dublin, Ohio. The company offers healthcare solutions and medical devices to hospitals, healthcare systems, pharmacies, and clinical laboratories. The company has a robust streak of 35 years of dividend growth under its belt. 

Cardinal Health, Inc. (NYSE:CAH) on February 8 declared a $0.4908 per share quarterly dividend, in line with previous. The dividend was paid on April 15, to shares of the company as of April 1. Cardinal Health, Inc. (NYSE:CAH)’s dividend yield on April 22 stood at 3.19%. 

On April 12, Morgan Stanley analyst Ricky Goldwasser upgraded Cardinal Health, Inc. (NYSE:CAH) to Overweight from Equal Weight with a $74 price target.

Cardinal Health, Inc. (NYSE:CAH) was found in the public stock portfolios of 39 hedge funds according to Insider Monkey’s fourth quarter, up from 36 funds in the prior quarter database. Richard S. Pzena’s Pzena Investment Management is the biggest shareholder of the company, with approximately 3 million shares worth $153.6 million.