June 17, 2026 a 07:30 am
COR: Dividend Analysis - Cencora, Inc.
Cencora, Inc. offers a relatively modest dividend yield blended with a solid history of positive dividend growth and payout sustainability. Despite the lower yield, the growth rate and longevity make it attractive for income-driven investors who prioritize capital preservation and steady income growth. The payout ratios reveal an ample room for future increases, backed by improving financial fundamentals.
📊 Overview
Cencora Inc. operates within the healthcare sector, providing a dividend yield of approximately 0.91%. With 26 years of uninterrupted dividend history and no recent cuts or suspensions, the company demonstrates a commitment to returning value to shareholders.
| Key Metric | Value |
|---|---|
| Sector | Healthcare |
| Dividend yield | 0.91% |
| Current dividend per share | 2.26 USD |
| Dividend history | 26 years |
| Last cut or suspension | None |
📈 Dividend History
The consistent dividend payments over the years highlight Cencora Inc.'s reliability as a dividend-paying entity. This is crucial for investors seeking regular income.
| Year | Dividend Per Share (USD) |
|---|---|
| 2026 | 1.20 |
| 2025 | 2.25 |
| 2024 | 2.08 |
| 2023 | 1.965 |
| 2022 | 1.865 |
📊 Dividend Growth
Steady dividend growth is a positive indicator for long-term income growth. It reassures investors about the company's profitability and willingness to share profits with shareholders.
| Time | Growth |
|---|---|
| 3 years | 6.46% |
| 5 years | 5.77% |
The average dividend growth is 5.77% over 5 years. This shows moderate but steady dividend growth.
💹 Payout Ratio
Examining the payout ratios is crucial for evaluating the sustainability of the current dividend payments. Lower ratios can indicate potential for future hikes.
| Key figure ratio | Value |
|---|---|
| EPS-based | 17.21% |
| Free cash flow-based | 28.16% |
The payout ratio of 17.21% (EPS) and 28.16% (FCF) suggests a conservative approach ensuring dividend coverage even during fluctuating earnings or cash flows.
💼 Cashflow & Capital Efficiency
The financial efficiency is gauged by how well Cencora, Inc. manages its free cash flows in relation to its capital expenditures and revenue.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Free Cash Flow Yield | 5.29% | 6.71% | 9.38% |
| Earnings Yield | 2.57% | 3.38% | 4.74% |
| CAPEX to Operating Cash Flow | 31.55% | 13.98% | 11.72% |
| Stock-based Compensation to Revenue | 0.05% | 0.05% | 0.05% |
| Free Cash Flow / Operating Cash Flow Ratio | 82.76% | 86.02% | 88.28% |
The stable cash flow metrics reflect substantial potential to cover dividends while maintaining efficient capital allocation and costs.
💰 Balance Sheet & Leverage Analysis
The company’s debt levels and ratios provide insights into its financial leverage and ability to handle obligations.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Debt-to-Equity | 7.13 | 10.30 | 13.06 |
| Debt-to-Assets | 14.03% | 9.91% | 10.90% |
| Debt-to-Capital | 87.70% | 91.15% | 92.89% |
| Net Debt to EBITDA | 1.70 | 1.02 | 1.21 |
| Current Ratio | 0.90 | 0.88 | 0.88 |
| Quick Ratio | 0.55 | 0.53 | 0.52 |
| Financial Leverage | 50.79 | 103.88 | 119.84 |
Cencora’s high leverage indicates aggressive capital strategy but may limit financial flexibility. However, the company demonstrates strong debt servicing ability.
🌟 Fundamental Strength & Profitability
Assessing profitability ratios helps determine the company's efficiency in generating profit and shareholder returns.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Return on Equity | 1.03% | 2.34% | 3.34% |
| Return on Assets | 2.03% | 2.25% | 2.79% |
| Margins: Net | 0.48% | 0.51% | 0.67% |
| Margins: EBIT | 0.83% | 0.77% | 0.93% |
| Margins: EBITDA | 1.16% | 1.14% | 1.30% |
| Research & Development to Revenue | 0% | 0% | 0% |
The firm showcases improving financial returns and profit margins, reflecting efficient management and strategic profitability growth.
📉 Price Development
✅ Dividend Scoring System
| Criteria | Score | Score Bar |
|---|---|---|
| Dividend yield | 3 | |
| Dividend Stability | 4 | |
| Dividend growth | 4 | |
| Payout ratio | 5 | |
| Financial stability | 3 | |
| Dividend continuity | 5 | |
| Cashflow Coverage | 4 | |
| Balance Sheet Quality | 3 |
Total Score: 31/40
🗣️ Rating
Cencora, Inc. presents itself as a solid choice for dividend investors with a focus on sustainable dividend growth and strong payout protection. While the yield may not be high, the company demonstrates a robust track record and financial acumen, ensuring a reliable income stream.
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