Page title
Section title
- Dividend Yield
- 1.28%
- Payout Ratio
- 20.14%
- Dividend Amount Per Share
- $2.88
- Last Ex-Dividend Date
- Aug 29, 2024
LH Dividend Safety
LH paid out 20.14% of its $418M earnings as dividends over the last 12 months.
Very Safe
Very Unsafe
Unsafe
Somewhat Safe
Safe
Very Safe
Dividend Payout Ratio
LH's Dividend Payout Ratio of 20.14% is considered safe for the Healthcare sector, indicating that the company retains enough earnings to support business growth.
Interest Rate Coverage
LH's Interest Coverage Ratio of 5.769 indicates strong financial health with easy coverage of interest expenses.
Income Quality
LH shows excellent income quality with a ratio of 3.501. This indicates high-quality earnings and low risk of dividend cuts.
LH Dividend Growth
Laboratory Corporation of America Holdings(LH) offers a dividend yield of 1.28% and pays $2.88 in dividends per share. Explore the historical dividend growth of LH.
Dividend Stability
LH has maintained stable dividend payments over the past 3 years with no cuts over 5%.
Dividend Growth
LH's dividend payments have shown moderate growth, growing by 3.086% annually over the last 5 years.
Earnings Growth
LH's earnings have shown very poor growth, shrinking by -12.689% over the last 5 years. Poor earnings growth or decline indicates potential struggles to maintain dividend levels, which may lead to cuts and affect overall returns.
LH Dividend Yield Attractiveness
Laboratory Corporation of America Holdings(LH) provides a dividend yield of 1.28%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.
Yield %
1.10%
1.13%
1.28%
4.07%
Dividend Yield
LH's dividend yield of 1.28% is considered good compared to the sector average of 4.065%, providing a strong safety margin for investors.
LH Cash Flow
Over the past 12 months, LH generated $12B in revenue, produced $852M in free cash flow, and distributed $248M in dividends.
Free Cash Flow Growth
LH's free cash flow has decreased by -3.499% annually over the last 5 years, indicating a weak ability to generate cash and support dividend payments.
LH Free Cash Flow and Dividends Paid
This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by Laboratory Corporation of America Holdings. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.