Cencora's (NYSE:COR) Dividend Will Be Increased To $0.55

Simply Wall St.11-09

Cencora, Inc.'s (NYSE:COR) dividend will be increasing from last year's payment of the same period to $0.55 on 29th of November. Despite this raise, the dividend yield of 0.9% is only a modest boost ...

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Despite this raise, the dividend yield of 0.9% is only a modest boost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cencoras-nyse-cor-dividend-increased-120245232.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cencora's (NYSE:COR) Dividend Will Be Increased To $0.55</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCencora's (NYSE:COR) Dividend Will Be Increased To $0.55\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-09 20:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cencoras-nyse-cor-dividend-increased-120245232.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cencora, Inc.'s (NYSE:COR) dividend will be increasing from last year's payment of the same period to $0.55 on 29th of November. Despite this raise, the dividend yield of 0.9% is only a modest boost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cencoras-nyse-cor-dividend-increased-120245232.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4175","symbol_name":"保健护理产品经销商","start_time":0,"source_url":"https://finance.yahoo.com/news/cencoras-nyse-cor-dividend-increased-120245232.html","article_id":"2482440866","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/mqTkKyjDNcFqvOf.wSUauQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/0d420881cf99e8229dddbfddf7bc7ebf"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482440866","pubTimestamp":1731153765,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Cencora, Inc.'s  dividend will be increasing from last year's payment of the same period to $0.55 on 29th of November. Despite this raise, the dividend yield of 0.9% is only a modest boost to shareholder returns.Cencora's Payment Could Potentially Have Solid Earnings Coverage. If it is predictable over a long period, even low dividend yields can be attractive. However, prior to this announcement, Cencora's dividend was comfortably covered by both cash flow and earnings. This means that most of its earnings are being retained to grow the business.Looking forward, earnings per share is forecast to rise by 107.6% over the next year. 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Despite this raise, the dividend yield of 0.9% is only a modest boost to shareholder returns. \n Check out our latest analysis for Cencora \nCencora's Payment Could Potentially Have Solid Earnings Coverage\n If it is predictable over a long period, even low dividend yields can be attractive. However, prior to this announcement, Cencora's dividend was comfortably covered by both cash flow and earnings. This means that most of its earnings are being retained to grow the business. \n Looking forward, earnings per share is forecast to rise by 107.6% over the next year. If the dividend continues on this path, the payout ratio could be 14% by next year, which we think can be pretty sustainable going forward. \n\n\n\n  NYSE:COR Historic Dividend November 9th 2024\n \n\nCencora Has A Solid Track Record\n The company has a sustained record of paying dividends with very little fluctuation. The annual payment during the last 10 years was $0.94 in 2014, and the most recent fiscal year payment was $2.20. This works out to be a compound annual growth rate (CAGR) of approximately 8.9% a year over that time. Dividends have grown at a reasonable rate over this period, and without any major cuts in the payment over time, we think this is an attractive combination as it provides a nice boost to shareholder returns. \nThe Dividend Looks Likely To Grow\n Investors could be attracted to the stock based on the quality of its payment history. We are encouraged to see that Cencora has grown earnings per share at 14% per year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time. \nCencora Looks Like A Great Dividend Stock\n Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity. \n Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. As an example, we've identified 2 warning signs for Cencora that you should be aware of before investing. Is Cencora not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.  \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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