Labcorp Raises Dividend to $0.72 per Share

By Bobby Samwell • Friday, January 10 10:25 • Permanent Link

Labcorp Holdings Inc. (NYSE: LH) has declared a cash dividend of $0.72 per share of common stock, payable on March 12, 2025, to stockholders of record as of the close of business on February 27, 2025. Labcorp is a global leader in laboratory services, with more than 67,000 employees serving clients in approximately 100 countries. In 2023, the company provided support for 84% of new drugs and therapeutic products approved by the FDA and performed over 600 million tests for patients worldwide.

In the previous period, Labcorp's quarterly dividend was $0.68 per share of common stock, indicating an increase of $0.04 per share or approximately 5.88% compared to the current dividend of $0.72 per share.

Labcorp's commitment to providing value to its shareholders is evident in the increased dividend payout, reflecting the company's financial performance and confidence in its future prospects. Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $230.96. For more information, read the company's full 8-K submission here.

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