Published on 23 Feb 2024 on Simply Wall St. via Yahoo Finance

Only Two Days Left To Cash In On Laboratory Corporation of America Holdings' (NYSE:LH) Dividend

Laboratory Corporation of America Holdings (NYSE:LH) is about to trade ex-dividend in the next 2 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Laboratory Corporation of America Holdings' shares on or after the 26th of February, you won't be eligible to receive the dividend, when it is paid on the 13th of March.

The company's next dividend payment will be US$0.72 per share. Last year, in total, the company distributed US$2.88 to shareholders. Looking at the last 12 months of distributions, Laboratory Corporation of America Holdings has a trailing yield of approximately 1.3% on its current stock price of US$217.77. If you buy this business for its dividend, you should have an idea of whether Laboratory Corporation of America Holdings's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Laboratory Corporation of America Holdings