Cardinal Health announces dividend, new director

Wed, 08/03/2011 - 12:45pm
The Associated Press

Cardinal Health Inc. said it will pay a 21.5-cent quarterly dividend and named a new member to its board Wednesday.

The dividend is payable on Oct. 15 to shareholders of record as of Oct. 1.

The board of the health care services company also named David King as a director, effective Sept. 1. King, 55, is chairman, president and CEO of Laboratory Corp. of America Holdings.

King has been with LabCorp since 2001. He is the chairman of the American Clinical Laboratory Association. He also serves on the boards of the Personalized Medicine Coalition and the North Carolina Health Information Exchange.

Cardinal shares fell 6 cents in late afternoon trading to hit $42.08.


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