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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Cardinal Health, Inc. (NYSE:CAH) is included among the 11 Defensive Healthcare Dividend Stocks to Buy Now.
An American multinational healthcare services company, Cardinal Health, Inc. (NYSE:CAH) is among the best dividend stocks in the defensive healthcare sector.
On September 30, Cardinal Health, Inc. (NYSE:CAH) revealed plans to build a new flagship forward distribution center in Indianapolis, Indiana, aimed at expanding and modernizing its national pharmaceutical distribution network. The facility will incorporate advanced automation and cutting-edge technology to support the daily distribution of over 70,000 pharmaceutical and specialty products across the US.
Debbie Weitzman, CEO, Pharmaceutical & Specialty Solutions segment at Cardinal, made the following comment:
“We’re continuing to make strategic investments in our core distribution network to drive service, enhance efficiency, and meet the evolving needs of our customers with even greater reliability and responsiveness. Expanding and modernizing our distribution footprint reinforces our ability to drive growth and support our teams.”
This marks Cardinal Health, Inc. (NYSE:CAH)’s second pharmaceutical distribution center announcement since 2024. The Indianapolis facility is expected to be fully operational by fall 2027 and will create more than 100 new jobs in the state, which serves as an important logistics hub for the company.
Beyond its expansion plans, Cardinal Health, Inc. (NYSE:CAH) also stands out for its financial consistency, having increased its dividend for 39 consecutive years. Currently, it offers a quarterly dividend of $0.5107 per share and has a dividend yield of 1.33%, as of October 14.
While we acknowledge the potential of CAH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Low PE High Dividend Stocks to Buy According to Analysts and 12 Reliable Dividend Stocks for Maximum Income.
Disclosure: None.
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