Laboratory Corporation of America Holdings Dividend
Dividend criteria checks 2/6
Laboratory of America Holdings is a dividend paying company with a current yield of 1.45% that is well covered by earnings. Next payment date is on 12th June, 2024 with an ex-dividend date of 24th May, 2024.
Key information
1.5%
Dividend yield
62%
Payout ratio
Industry average yield
3.6%
Next dividend pay date
12 Jun 24
Ex dividend date
24 May 24
Dividend per share
n/a
Earnings per share
Mex$4.74
Dividend yield forecast in 3Y
1.5%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, LH * has been paying a dividend for less than 10 years.
Growing Dividend: LH * has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
Laboratory Corporation of America Holdings Dividend Yield vs Market
How does LH * dividend yield compare to the market?
Segment
Dividend Yield
Company (LH *)
1.5%
Market Bottom 25% (MX)
2.2%
Market Top 25% (MX)
6.6%
Industry Average (Healthcare)
3.6%
Analyst forecast in 3 Years (LH *)
1.5%
Notable Dividend: LH *'s dividend (1.45%) isn’t notable compared to the bottom 25% of dividend payers in the MX market (2.23%).
High Dividend: LH *'s dividend (1.45%) is low compared to the top 25% of dividend payers in the MX market (6.55%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (62.1%), LH *'s dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (31.7%), LH *'s dividend payments are well covered by cash flows.