Cardinal Health Board Authorizes New Plan To Repurchase Shares Worth $750 Mln

Cardinal Health Q3 13 Earnings Conference Call At 8:30 AM ET

Cardinal Health Q3 Profit Up; Lifts FY Adj. Earnings View; Ups Dividend 10%

Cardinal Health Q3 13 Earnings Conference Call At 8:30 AM ET

Cardinal Health To Continue To Supply Pharmaceuticals To CVS Caremark

Trade CAH now with

8/8/2012 10:27 AM ET

Cardinal Health Inc (CAH: Quote) Wednesday announced that the Board of Directors of the company have approved a new, three-year authorization to repurchase the common shares of the company to the extent of up to $750 million.

The healthcare services company stated that the new authorization will replace the earlier authorization for $750 million worth o f repurchases granted earlier in November 2010.

The company further added that the new authorization will be effective immediately and will expire on or before August 312, 2015..

The company also stated that the board of directors approved a cash health-inc.aspx'>dividend of $0.2375 per share payable on Oct. 15, 2012 to shareholders of record on Oct. 1, 2012.

Click here to receive FREE breaking news email alerts for Cardinal Health Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 164 Articles

Editors Pick

Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary

There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses.

Stocks Come Under Pressure Amid Worries About The Fed - U.S. Commentary

Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session.

U.S. Durable Goods Orders Rise 3.3% In April, More Than Expected

After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.