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Increase In Advance of Planned Spinoff of CareFusion Corporation

DUBLIN, Ohio, June 2 /PRNewswire-FirstCall/ -- Cardinal Health, a global provider of products and services that improve the safety and productivity of health care, today announced a 25 percent increase in its regular quarterly dividend to $0.175 per share, or $0.70 per share on an annualized basis.

The dividend increase announcement is particularly meaningful in that it comes in advance of the planned spinoff of CareFusion Corporation, the company that is expected to become public from the spinoff of Cardinal Health's clinical and medical products businesses.

The company's previously announced dividend payable on July 15 for shareholders of record on July 1 will be increased to $0.175 per share. The company has steadily increased its quarterly dividend from $0.03 per share in 2005 and has paid a $0.14 per share quarterly dividend since July 15, 2008.

The company is highlighting the announcement at its annual investor conference today, where it also will outline a goal for future dividend increases at or above Cardinal Health's earnings growth rate on a go-forward basis following its planned spinoff of CareFusion. All future dividends are subject to approval by Cardinal Health's board of directors.

The company's focus on dividend expansion creates a predictable and disciplined use of cash to drive shareholder returns and signals confidence and strength in the cash generated by its businesses.

Today's investor conference and corresponding slide presentation are available via live webcast on the investor page at cardinalhealth.com. Presentation slides and the archived webcast will be available on the investor page after the conclusion of the meeting.

About Cardinal Health

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