Lab Corp of America Dividend yield




   USD/share 
 Price  208.10
 Dividend  2.87
 Earnings  17.34
 Cash-flow  22.14
 Book value  115.61
 Equity  114.83

Lab Corp of America is part of Health Care Equip. and Services business, which is part of Health Care industry. Lab Corp of America is a company from USA, and his stocks are publicly traded.

Lab Corp of America stock dividend

Lab Corp of America paid a total dividend of 255 million USD last year, for a market value of 18,521 millions (Market Cap 18,375 millions). Lab Corp of America dividend per share is 2.87 USD, and his stock market price 208.10 USD.

According to the chart below, where dividend yield is displayed, Lab Corp of America has a dividend yield of 1.38%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Health Care industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Lab Corp of America stocks dividend with other Health Care Equip. and Services companies or other of the best USA dividend stocks list.

Dividend yield of Lab Corp of America

Lab Corp of America Dividend Payout

About the ability of Lab Corp of America to maintain his current dividend of USD 2.87 per share, an amount that accounts for 1.38%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Lab Corp of America payout on ernings is currently 16.55%, which is lower than the market average and companies of Health Care industry, which are 39.34% and 23.54% respectively. Both figures lead us to believe that there is confidence that Lab Corp of Americacan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Lab Corp of America is USD 22.14 per share, which is higher than the dividend per share paid by the company of USD 2.87, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Lab Corp of America, compared againt world market average, USA companies, Health Care industry and Health Care Equip. and Services sector companies.

Lab Corp of America payout

Lab Corp of America Dividend History

Below you will find a table with the historical evolution of Lab Corp of America's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year Yield  USD  Paypout  Shares* 
Present1.38%2.8716.55%89
20220.92%2.177.00%89
20210.00%0.000.00%96
20200.00%0.000.00%97
20190.00%0.000.00%97
20180.00%0.000.00%101
20170.00%0.000.00%102
20160.00%0.000.00%102
20150.00%0.000.00%101

*In millions

Then you can see the evolution of Lab Corp of America dividend stock, and compare it with the average of USA stocks and that of the Health Care Equip. and Services stocks.

Lab Corp of America stock dividend history

Lab Corp of America Stock performance

Finally, last moth Lab Corp of America showed a return of -2.70% compared to a worldwide -2.49% average, and a -2.07% of Health Care firms. Over the last year, the company obtained a 7.50% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Health Care Equip. and Services firms.

Lab Corp of America stock and market return