Cardinal Health Board Of Directors Approves Cash Dividend; Authorizes New $750 Million Share Repurchase Program

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Aug 08, 2012, 10:06 ET

DUBLIN, Ohio, Aug. 8, 2012 /PRNewswire/ -- Cardinal Health today announced that its board of directors approved a cash dividend of $0.2375 per share payable on Oct. 15, 2012 to shareholders of record on Oct. 1, 2012. This is the 112^th consecutive regular quarterly dividend.

The board of directors also approved a new, three-year authorization to repurchase up to $750 million of Cardinal Health common shares. This replaces the $750 million authorization approved in November 2010, of which $200 million remained. The new share repurchase authorization is effective immediately and expires Aug. 31, 2015.

About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $108 billion health care services company that improves the cost-effectiveness of health care. As the business behind health care, Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers and physician offices focus on patient care while reducing costs, enhancing efficiency and improving quality. Cardinal Health is an essential link in the health care supply chain, providing pharmaceuticals and medical products to more than 60,000 locations each day. The company is also a leading manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company supports the growing diagnostic industry by supplying medical products to clinical laboratories and operating the nation's largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease. Ranked #21 on the Fortune 500, Cardinal Health employs more than 30,000 people worldwide. More information about the company may be found at cardinalhealth.com and @CardinalHealth on Twitter.