Cardinal Health Will Buy Back Up to $750M Shares
Cardinal Health today announced that its board of directors approved a cash dividend of $0.2375 per share payable on Oct. 15, 2012 to shareholders of record on Oct. 1, 2012. This is the 112^th consecutive regular quarterly dividend.
The board of directors also approved a new, three-year authorization to repurchase up to $750 million of Cardinal Health common shares. This replaces the $750 million authorization approved in November 2010, of which $200 million remained. The new share repurchase authorization is effective immediately and expires Aug. 31, 2015.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.