DUBLIN, Ohio, May 4, 2016 /PRNewswire/ -- Cardinal Health
today announced that its board of directors approved a 16 percent
increase in the company's quarterly dividend
to $0.4489 per share, or $1.80 per share on an
annualized basis. The quarterly dividend is payable on July
15, 2016, to shareholders of record at the close of business
on July 1, 2015.
The board of directors also approved a new authorization to
repurchase up to $1 billion of
Cardinal Health common shares, which will expire on Dec. 31, 2019. The new share repurchase
program is in addition to the program approved in August 2014, of which $393
million remains available.
About Cardinal Health
Cardinal Health, Inc. (NYSE:
CAH), a global health services and products company, brings scaled
solutions that help our customers thrive in a changing world. We
improve the cost-effectiveness of healthcare through solutions that
improve the efficiency of the supply chain; optimize the process
and performance of healthcare; provide clinically proven, daily use
medical products and pharmaceuticals; and connect patients,
providers, payers, pharmacists and manufacturers for seamless care
coordination and better patient management. Backed by nearly 100
years of experience, we rank among the top 50 on the Fortune
500 and among the Fortune Global 100. We support our
partners with more than 37,000 employees in nearly 60 countries
worldwide. For more information, visit cardinalhealth.com and
@CardinalHealth on Twitter.
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SOURCE Cardinal Health