Cardinal Health dividend history

Cardinal Health's dividend was $2.04 a share in fiscal 2026, up 1.0% on the year before. That was 28.6% of net income. It has raised its dividend per share every year since fiscal 2010, as far back as our figures go.

Dividends, buybacks and capital spending

FY2026 Q2 TTM

Buybacks (TTM): $1.1B
Dividends (TTM): $495M
Returned to shareholders: 30%; of free cash flow
Buybacks, last 3 fiscal years: $2.9B
Diluted share count: −2.5%; year over year
Total shareholder yield: 2.7%; dividends 0.8% + buybacks 1.9% of market value
Dividend payout ratio: 30%; of net income paid out
Sales & admin spending: 2.4%; of revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cardinal Health: dividends by fiscal year, annual
Fiscal year	2010Jun 2010	2011Jun 2011	2012Jun 2012	2013Jun 2013	2014Jun 2014	2015Jun 2015	2016Jun 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026
Dividend per share	$0.700	$0.780	$0.860	$1.02	$1.21	$1.37	$1.55	$1.80	$1.85	$1.91	$1.92	$1.94	$1.96	$1.98	$2.00	$2.02	$2.04
Dividend per share growth	—	+11.4%	+10.3%	+19.2%	+18.0%	+13.2%	+13.1%	+16.1%	+2.8%	+3.2%	+0.5%	+1.0%	+1.0%	+1.0%	+1.0%	+1.0%	+1.0%
Dividends paid	253	274	300	353	415	460	512	577	581	577	569	573	559	525	499	494	491
Share buybacks	230	270	450	450	673	1,036	651	600	550	600	350	200	1,000	2,000	750	765	1,358
Dividends ÷ net income	39.4%	28.6%	28.1%	105.7%	35.6%	37.9%	35.9%	44.8%	227.0%	42.3%	—	93.8%	—	159.1%	58.6%	31.6%	28.6%
Dividends ÷ free cash flow	13.5%	24.8%	32.8%	23.0%	18.2%	20.5%	20.4%	72.4%	24.4%	24.1%	35.9%	28.2%	20.1%	22.2%	15.3%	26.7%	10.9%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Recent dividend announcements

August 11, 2026 Cardinal Health Board of Directors Approves Quarterly Dividend Source

Compare with peers

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Figures from Cardinal Health's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cardinal Health.