Cardinal Health Stock To Go Ex-dividend Tomorrow (CAH)
The ex-dividend date for Cardinal Health (NYSE:CAH) is tomorrow, September 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $39.08 as of 9:30 a.m., the dividend yield is 2.4%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Cardinal Health (NYSE: CAH) is tomorrow, September 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $39.08 as of 9:30 a.m. ET, the dividend yield is 2.4%. The average volume for Cardinal Health has been 3.1 million shares per day over the past 30 days. Cardinal Health has a market cap of $13.25 billion and is part of the services sector and wholesale industry. Shares are down 4.2% year to date as of the close of trading on Tuesday. Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. The company has a P/E ratio of 12.7, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cardinal Health as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Cardinal Health Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.