5 Healthcare Dividend Stocks with Over 3% Yield

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

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

Dividend Yield as of December 13: 4.05%

Number of Hedge Fund Holders: 36

Cardinal Health, Inc. (NYSE:CAH) is an American multinational healthcare services company that is involved in the development and distribution of pharmaceuticals and laboratory products, as well as providing performance and data solutions for healthcare facilities. With a forward yield of 4.05%, Cardinal Health, Inc. (NYSE:CAH) is one of the best healthcare dividend stocks. 

On November 9, Cardinal Health, Inc. (NYSE:CAH) published earnings for the third quarter, announcing earnings per share of $1.29, missing estimates by $0.06. The $43.97 billion revenue for the period was up 12.55% year-over-year, exceeding estimates by $2.14 billion.

Deutsche Bank analyst George Hill raised the price target on Cardinal Health, Inc. (NYSE:CAH) on November 12 to $59 from $51 and kept a Hold rating on the shares after the “modest beat” in Q3.

Of the 36 hedge funds that were bullish on Cardinal Health, Inc. (NYSE:CAH) according to the third quarter database of Insider Monkey, Pzena Investment Management is the leading stakeholder of the company, holding 2.95 million shares worth $146.2 million.