Cencora, Inc. (COR) to Issue Quarterly Dividend of $0.60 on August 31st

Cencora, Inc. (NYSE:COR) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.60 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 14th.

Cencora has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 15 years. Cencora has a payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cencora to earn $19.77 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 12.1%.

Cencora Trading Up 2.5%

NYSE COR opened at $333.21 on Wednesday. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.58 and a current ratio of 0.93. Cencora has a one year low of $244.82 and a one year high of $377.54. The company has a 50-day simple moving average of $296.42 and a 200-day simple moving average of $313.81. The firm has a market capitalization of $64.83 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.87 and a beta of 0.57.

Cencora (NYSE:COR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.13. Cencora had a net margin of 0.79% and a return on equity of 125.45%. The firm had revenue of $84.75 billion for the quarter, compared to analyst estimates of $84.31 billion. During the same quarter in the prior year, the business earned $4.00 earnings per share. Cencora’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Cencora will post 17.84 earnings per share for the current year.

About Cencora

Cencora (NYSE:COR) is a global healthcare services and pharmaceutical distribution company that provides end-to-end solutions across the pharmaceutical supply chain. The company’s core activities include wholesale drug distribution, specialty drug distribution, and the operation of specialty pharmacies, complemented by logistics, cold-chain management and other fulfillment services designed to support complex and temperature-sensitive therapies.

Beyond physical distribution, Cencora offers a range of commercial and patient-focused services for pharmaceutical manufacturers and healthcare providers.