Quest Diagnostics (LTS:0KSX) Dividend Payout Ratio : 0.65 (As of Sep. 2024)

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What is Quest Diagnostics Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Quest Diagnostics's Dividend Payout Ratio for the months ended in Sep. 2024 was 0.65.

The historical rank and industry rank for Quest Diagnostics's Dividend Payout Ratio or its related term are showing as below:

LTS:0KSX' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.34 Max: 0.45
Current: 0.42

During the past 13 years, the highest Dividend Payout Ratio of Quest Diagnostics was 0.45. The lowest was 0.16. And the median was 0.34.

LTS:0KSX's Dividend Payout Ratio is ranked worse than
60.71% of 56 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.355 vs LTS:0KSX: 0.42

As of today (2024-12-15), the Dividend Yield % of Quest Diagnostics is 1.90%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Quest Diagnostics was 2.93%. The lowest was 1.27%. And the median was 1.86%.

Quest Diagnostics's Dividends per Share for the months ended in Sep. 2024 was $1.50.

During the past 12 months, Quest Diagnostics's average Dividends Per Share Growth Rate was 76.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Quest Diagnostics was 44.20% per year. The lowest was -2.30% per year. And the median was 10.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Quest Diagnostics Dividend Payout Ratio Historical Data

The historical data trend for Quest Diagnostics's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Quest Diagnostics Dividend Payout Ratio Chart

Quest Diagnostics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.35

0.21

0.16

0.25

0.32

Quest Diagnostics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.36	0.33	0.35	0.32	0.65

Competitive Comparison of Quest Diagnostics's Dividend Payout Ratio

For the Diagnostics & Research subindustry, Quest Diagnostics's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Quest Diagnostics's Dividend Payout Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Quest Diagnostics's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Quest Diagnostics's Dividend Payout Ratio falls into.

Quest Diagnostics Dividend Payout Ratio Calculation

Quest Diagnostics's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.79	/	8.71
	=	0.32

Quest Diagnostics's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	1.5	/	2.3
	=	0.65

Quest Diagnostics (LTS:0KSX) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Quest Diagnostics Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Quest Diagnostics's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Quest Diagnostics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Quest Diagnostics Inc (LTS:0KSX) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

DGX:USA DGX:Mexico QDI:Germany Q1UE34:Brazil

Address

500 Plaza Drive, Secaucus, NJ, USA, 07094

Website

https://www.questdiagnostics.com

Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the us. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk-assessment services, and information technology solutions.

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