Sonic HealthcareASX:SHL +0.15%82 Dividend Yield % is 5.45% as of Jun. 24, 2026, which is 72% above its 10-year median of 3.17. GuruFocus rates ASX:SHL with a GF Score™ of 82/100 and a GF Value™ of A$32.93 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 65 Medical Diagnostics & Research companies, Sonic Healthcare ranks better than 87.69% on this metric.
As of today (2026-06-24), the Trailing Annual Dividend Yield of Sonic Healthcare is 5.45%.
Good Sign:
Sonic Healthcare Ltd stock Dividend Yield % is close to 10-year high.
The historical rank and industry rank for Sonic Healthcare's Dividend Yield % or its related term are showing as below:
ASX:SHL'
s Dividend Yield % Range Over the Past 10 Years
Min: 1.87 Med: 3.17 Max: 5.73
Current: 5.45
During the past 13 years, the highest Dividend Yield of Sonic Healthcare was 5.73%. The lowest was 1.87%. And the median was 3.17%.
ASX:SHL's Dividend Yield % is ranked better than 87.69% of 65
companies
in the Medical Diagnostics & Research industry
Industry Median: 1.71
vs ASX:SHL: 5.45
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Sonic Healthcare Ltd is 0.97, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Sonic Healthcare was 1.00. The lowest was 0.31. And the median was 0.70.
During the past 12 months, Sonic Healthcare's average Dividends Per Share Growth Rate was 0.90% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 4.00% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 5.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 4.80% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Sonic Healthcare was 51.80% per year. The lowest was 0.60% per year. And the median was 6.45% 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.
Sonic Healthcare (ASX:SHL) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
The historical data trend for Sonic Healthcare's Dividend Yield % 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.
ASX:SHL vs TMO, DHR, IDXX: Dividend Yield % Comparison
For the Diagnostics & Research subindustry, Sonic Healthcare's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Sonic Healthcare Dividend Yield % vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Sonic Healthcare's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Sonic Healthcare's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Sonic Healthcare Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.450000
2026-03-04
2026-03-05
2026-03-19
Cash Dividend
semi-annually
AUD:AUD 1.000000
AUD 0.630000
2025-09-03
2025-09-04
2025-09-18
Cash Dividend
semi-annually
AUD:AUD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Sonic Healthcare's Trailing Annual Dividend Yield (%) for Today is calculated as
* 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.
Sonic Healthcare (ASX:SHL) has a Dividend Yield % of 5.45% as of Jun. 24, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Sonic Healthcare and its competitors. This is 72% above median its historical median of 3.17. Over the past decade, Sonic Healthcare's Dividend Yield % has ranged from 1.87 to 5.73. According to the industry distribution chart, Sonic Healthcare ranks #8 out of 65 companies in the Medical Diagnostics & Research industry, placing it in the top 12.3%.
Is Sonic Healthcare's Dividend Yield % too high?
Sonic Healthcare's current Dividend Yield % of 5.45% is 72% above median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 5.73. The Medical Diagnostics & Research industry median Dividend Yield % is 1.71. Sonic Healthcare's value of 5.45% is 218.7% above this industry median. Based on the distribution chart, Sonic Healthcare ranks #8 out of 65 companies in the Medical Diagnostics & Research industry, which is in the top quartile — a strong position relative to peers. Overall, Sonic Healthcare has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sonic Healthcare's Dividend Yield % compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Sonic Healthcare ranks #8 out of 65 companies for Dividend Yield %. This places Sonic Healthcare in the top 12% of its industry — outperforming the majority of peers. The industry median Dividend Yield % is 1.71. Sonic Healthcare's value of 5.45% is 218.7% above this benchmark. Historically, Sonic Healthcare's own Dividend Yield % has ranged from 1.87 to 5.73 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 1.71, Sonic Healthcare has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a Medical Diagnostics & Research company?
The median Dividend Yield % among Medical Diagnostics & Research companies is 1.71, based on 65 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sonic Healthcare's current Dividend Yield % of 5.45% is 218.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Sonic Healthcare and its competitors. For the Medical Diagnostics & Research industry, the median Dividend Yield % is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sonic Healthcare's current Dividend Yield % is 5.45%, which is 72% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonic Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Sonic Healthcare (ASX:SHL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$32.93, compared to a current price of A$19.86 — trading 39.7% below its estimated fair value. The current Dividend Yield % is 5.45%, which is 72% above median its 10-year median of 3.17 and 218.7% above the Medical Diagnostics & Research industry median of 1.71. Sonic Healthcare's overall GF Score™ is 82/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Sonic Healthcare (ASX:SHL), the current Dividend Yield % is 5.45% as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sonic Healthcare (ASX:SHL) Overvalued in 2026?
Based on GuruFocus' analysis, Sonic Healthcare stock appears to be undervalued.
The current stock price of A$19.86 is trading 39.7% below its estimated GF Value™ of A$32.93.
GuruFocus considers Sonic Healthcare to be Significantly Undervalued.
Key valuation signals for ASX:SHL:
Dividend Yield %: 5.45% (72% above median its 10-year median of 3.17)
GF Value™: A$32.93 vs. price of A$19.86 (39.7% below fair value)
Industry Position: 218.7% above the Medical Diagnostics & Research median (#8 of 65)
No single metric tells the full story. See the ASX:SHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sonic Healthcare is a global pathology provider. It is the largest private operator in Australia, Germany, Switzerland and the UK, the second-largest in Belgium and New Zealand, and the third largest in the US. In addition to pathology, which contributes roughly 85% of group revenue, Sonic is the second-largest player in diagnostic imaging in Australia and the largest operator of medical centers in Australia. The company typically earns about 35% of group revenue in Australia and New Zealand, 25% in the US, and 40% in Europe.
82GF Score
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