Labcorp Holdings Announces $0.72 Dividend, Projected Earnings Expected to Cover Future Payments

Labcorp Holdings (NYSE:LH) has announced a dividend of $0.72 per share, with a yield of 1.1%, below the industry average. The dividend is likely to be covered by future earnings, with a projected EPS expansion of 71.8%. While the company has maintained a consistent dividend for a few years, its track record is not long enough to rely on it. Investors should be mindful that the company may push the boundaries of sustainability in the future.