Cardinal Health Boosts Dividend 13%

Cardinal Health Inc. said on Wednesday that it approved a 13% increase in its quarterly dividend to 38.7 cents a share. The dividend will be paid out on July 15 to shareholders of record on July 1. Based on Tuesday's closing price of $84.57 for the health care services company's stock, the new annual dividend of $1.55 would represent a 1.8% dividend yield. The stock, which was still inactive in premarket trade, has advanced 4.8% year to date, outperforming the S&P 500's 1.5% gain.