Moving on to the margin, the pharma segment profit increased by 1% but was offset by a decline in the medical segment. ![]() The revenue strength was driven by a 13% increase in pharma sales that were underpinned by COVID-19 products and a 5% increase in medical sales. The company reported $43.97 billion in consolidated revenue which is up 12.% over last year and beat the consensus by 510 basis points but serious margin pressure cut into the bottom line. Cardinal Health Reports Mixed QuarterĬardinal Health had a good quarter if one mixed in relation to the analyst’s estimates. As for the dividend, the company is paying out only 33% of its earnings and keeping the increases to the low-single-digits so we see a very high likelihood for the 26th consecutive distribution increase to be declared early next calendar year. This is equal to 21% of the stocks market capitalization and will surely be a boost to share prices in that time. The key takeaway is that cash flow remains strong as well, strong enough to sustain the high 3.9% dividend yield and allow the board to authorize a new repurchase program.Ĭardinal Health’s board authorized a new repurchase program worth $3 billion over $3 years. Aside from that, business is strong if hampered by inflation. The good news is that a group settlement appears to be moving forward and proving some clarity for investors. The dark cloud hanging over the company’s head is opioids and its role in distributing them. The company is a middleman for pharmacy and medical products of all manner and well-positioned in an industry growing in both patient count and dollar spent per patient. We’ve liked Cardinal Health (NYSE: CAH)for a long time. High-Yield Dividend Aristocrat Cardinal Health Is A Steal 7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates. ![]() 7 Mid-Cap Stocks That Can be the Perfect Fit at Any Time.7 Stocks to Buy to Outrun Rising Interest Rates.7 Sports Betting Stocks to Buy for Their Long-Term Possibilities.7 Water Stocks to Buy as the World Dries Up.7 Solar Stocks Leading the Clean Energy Boom.7 Railroad Stocks to Keep Your Portfolio Chugging Along.7 Agricultural Stocks to Buy to Keep Your Portfolio Well Fed.7 Streaming Stocks that Will Stand up to Streaming Fatigue.7 Cash Rich Stocks That Offer Safety in Any Market.7 Small-Cap Stocks That Could Rocket Higher in 2023. ![]()
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