Cardinal Dividend Yield from 2010 to 2024
| CAH Stock | USD 103.21 0.60 0.58% |
Dividend Yield | First Reported 2010-12-31 | Previous Quarter 0.00395257 | Current Value 0.003755 | Quarterly Volatility 0.01309191 |
Check Cardinal Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cardinal main balance sheet or income statement drivers, such as Depreciation And Amortization of 835.6 M, Interest Expense of 187.2 M or Selling General Administrative of 5.8 B, as well as many exotic indicators such as Price To Sales Ratio of 0.26, Dividend Yield of 0.0038 or PTB Ratio of 2.35. Cardinal financial statements analysis is a perfect complement when working with Cardinal Health Valuation or Volatility modules.
Cardinal | Dividend Yield |
Latest Cardinal Health's Dividend Yield Growth Pattern
Below is the plot of the Dividend Yield of Cardinal Health over the last few years. Dividend Yield is Cardinal Health dividend as a percentage of Cardinal Health stock price. Cardinal Health dividend yield is a measure of Cardinal Health stock productivity, which can be interpreted as interest rate earned on an Cardinal Health investment. It is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share. Cardinal Health's Dividend Yield historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cardinal Health's overall financial position and show how it may be relating to other accounts over time.
| Dividend Yield | 10 Years Trend |
|
Dividend Yield |
| Timeline |
Cardinal Dividend Yield Regression Statistics
| Arithmetic Mean | 0.02 | |
| Geometric Mean | 0.02 | |
| Coefficient Of Variation | 57.28 | |
| Mean Deviation | 0.01 | |
| Median | 0.02 | |
| Standard Deviation | 0.01 | |
| Sample Variance | 0.0002 | |
| Range | 0.0376 | |
| R-Value | 0.11 | |
| Mean Square Error | 0.0002 | |
| R-Squared | 0.01 | |
| Significance | 0.70 | |
| Slope | 0.0003 | |
| Total Sum of Squares | 0 |
Cardinal Dividend Yield History
About Cardinal Health Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Cardinal Health income statement, its balance sheet, and the statement of cash flows. Cardinal Health investors use historical funamental indicators, such as Cardinal Health's Dividend Yield, to determine how well the company is positioned to perform in the future. Although Cardinal Health investors may use each financial statement separately, they are all related. The changes in Cardinal Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cardinal Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cardinal Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cardinal Health. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Dividend Yield | 0 | 0 |
Pair Trading with Cardinal Health
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cardinal Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cardinal Health will appreciate offsetting losses from the drop in the long position's value.Moving against Cardinal Stock
| 0.41 | GH | Guardant Health Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cardinal Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardinal Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cardinal Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cardinal Health to buy it.
The correlation of Cardinal Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cardinal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cardinal Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Cardinal Health Correlation against competitors. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Cardinal Stock analysis
When running Cardinal Health's price analysis, check to measure Cardinal Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cardinal Health. If investors know Cardinal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cardinal Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Dividend Share 1.998 | Earnings Share 2.52 | Revenue Per Share 859.435 | Quarterly Revenue Growth 0.116 |
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.