5 Dividend Aristocrats with Over 3% Yield

In this article, we discuss 5 dividend aristocrats with over 3% yield. If you want our detailed analysis of these stocks, go directly to 10 Dividend Aristocrats with Over 3% Yield. 

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

Dividend Yield as of January 25: 3.94%

Number of Hedge Fund Holders: 36

Number of Years of Consecutive Dividend Increases: 34

Cardinal Health, Inc. (NYSE:CAH) is an American multinational healthcare company that distributes pharmaceutical, medical, and surgical products. Cardinal Health, Inc. (NYSE:CAH) offers its products to a majority of the United States hospitals. 

On November 4, Cardinal Health, Inc. (NYSE:CAH) declared a $0.4908 per share quarterly dividend, in line with previous. The dividend was paid on January 15, to shareholders of record on January 3. 

Barclays analyst Steve Valiquette lowered the price target on Cardinal Health, Inc. (NYSE:CAH) to $63 from $65 and kept an Overweight rating on the shares on January 11. The analyst remains positive on the healthcare distribution subsector in 2022 given the upside potential from generic/biosimilar pipelines, additional anticipated COVID-19 tailwinds, and waning risks from other variables previously perceived as overhangs, such as generic pricing volatility and opioid litigation.

Among the hedge funds tracked by Insider Monkey in Q3 2021, Pzena Investment Management is the leading Cardinal Health, Inc. (NYSE:CAH) stakeholder, with a $146.2 million position. Overall, 36 hedge funds were long Cardinal Health, Inc. (NYSE:CAH) in the third quarter of 2021.