Labcorp Holdings Inc. (NYSE:LH) Plans Quarterly Dividend of $0.72

Labcorp Holdings Inc. (NYSE:LH) has declared a quarterly dividend of $0.72 per share, equating to an annualized $2.88 and a 0.9% yield. The dividend is payable on December 11 to shareholders of record as of November 24, and it is well-covered by earnings with a 16.4% payout ratio. The medical research company also surpassed its latest quarterly earnings expectations, reporting $4.99 EPS and $3.73 billion in revenue, leading to a "Moderate Buy" consensus rating from analysts.