5 Best March Dividend Stocks To Buy

1. Cardinal Health, Inc. (NYSE:CAH)

Ex-Dividend Date: March 31
Dividend Yield as of February 17: 2.52%

Cardinal Health, Inc. (NYSE:CAH) is an American multinational healthcare services company, based in Ohio. The company currently pays a quarterly dividend of $0.4957 per share and has a dividend yield of 2.52%, as of February 17. The stock will be trading ex-dividend on March 31. The company has been raising its dividends regularly for 36 years.

At the end of Q3 2022, 45 hedge funds in Insider Monkey’s database owned stakes in Cardinal Health, Inc. (NYSE:CAH), up from 44 a quarter earlier. The stakes owned by these hedge funds have a total value of over $1.03 billion.

Ariel Investments mentioned Cardinal Health, Inc. (NYSE:CAH) in its Q3 2022 investor letter. Here is what the firm has to say:

“Additionally, distributor of pharmaceutical and medical products Cardinal Health, Inc. (NYSE:CAH) advanced in the period as leadership changes were viewed to be a positive for shares. Management provided a new profit outlook for Fiscal 2023 and announced an improvement plan for the medical segment. We are encouraged by these changes and think CAH’s underlying fundamentals and competitive advantages around preventative maintenance screenings and medication management will continue to improve. We believe valuations of health care companies like CAH that focus on cost optimization and promote technological efficiency across the supply chain will be rewarded over the long term.”

You can also take a look at Early Retirement Portfolio: 15 Stocks to Live Off Dividends and Value Investor Joel Greenblatt’s Dividend Stocks

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