Why Cardinal Health (CAH) Stands Out Among Cheap Quarterly Dividend Stocks

Cardinal Health, Inc. (NYSE:CAH) is included among the 11 Cheap Quarterly Dividend Stocks to Buy Right Now.

Why Cardinal Health (CAH) Stands Out Among Cheap Quarterly Dividend Stocks

Cardinal Health, Inc. (NYSE:CAH) is a major distributor of branded and generic drugs, medical supplies, laboratory products, and supply chain services for healthcare providers. It serves more than 90% of hospitals in the US and has operations in over 30 countries.

Cardinal Health, Inc. (NYSE:CAH) is also well-regarded as a dividend payer, having raised its payout for 39 straight years, which makes it one of the best dividend stocks. With a payout ratio at only about one-fourth of this year’s expected earnings, there is significant room for further increases. Analysts anticipate earnings growth of nearly 11% annually over the next three to five years, which could support continued dividend expansion.

Cardinal Health, Inc. (NYSE:CAH) currently offers a quarterly dividend of $0.5107 per share and has a dividend yield of 1.32%, as of September 23.

READ NEXT: Top 10 Stocks Under $10 That Could Triple and 10 Best Affordable Stocks Under $50 to Buy.

Disclosure: None.