Cardinal Health Stock To Go Ex-dividend Tomorrow (CAH)

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, June 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $47.08 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Cardinal Health has been three million shares per day over the past 30 days. Cardinal Health has a market cap of $15.92 billion and is part of the services sector and wholesale industry. Shares are up 13.1% 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 13.9, 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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cardinal Health Ratings Report.

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