CVS Health Corporation Plans Quarterly Dividend of $0.67 (NYSE:CVS)

Key Points

• CVS Health Corporation declared a quarterly dividend of $0.67 per share, with payment scheduled for November 3rd to shareholders of record on October 23rd, resulting in an annualized yield of 3.6%.
• The company reported earnings of $1.81 per share for the last quarter, exceeding analyst estimates, with a revenue of $98.92 billion, representing an 8.4% year-over-year increase.
• CVS Health has a payout ratio of 37.7%, indicating strong earnings coverage for its dividend, and analysts project expected earnings of $6.77 per share for the next year.

CVS Health Corporation (NYSE:CVS - Get Free Report) declared a quarterly dividend on Wednesday, September 17th, RTT News reports. Stockholders of record on Thursday, October 23rd will be paid a dividend of 0.665 per share by the pharmacy operator on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, October 23rd.

CVS Health has a dividend payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CVS Health to earn $6.77 per share next year, which means the company should continue to be able to cover its $2.66 annual dividend with an expected future payout ratio of 39.3%.

CVS Health Stock Up 0.7%

Shares of CVS traded up $0.53 during mid-day trading on Friday, hitting $74.95. 13,413,164 shares of the company's stock were exchanged, compared to its average volume of 9,574,987. The company has a market cap of $95.06 billion, a PE ratio of 20.94, a P/E/G ratio of 0.82 and a beta of 0.62. CVS Health has a 52 week low of $43.56 and a 52 week high of $76.24. The company has a 50-day simple moving average of $67.70 and a 200 day simple moving average of $66.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.80 and a quick ratio of 0.62.

CVS Health (NYSE:CVS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The pharmacy operator reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.35. CVS Health had a net margin of 1.17% and a return on equity of 10.51%. The company had revenue of $98.92 billion during the quarter, compared to analysts' expectations of $94.87 billion. During the same period last year, the business earned $1.83 EPS. The business's quarterly revenue was up 8.4% on a year-over-year basis. CVS Health has set its FY 2025 guidance at 6.300-6.400 EPS. On average, research analysts forecast that CVS Health will post 5.89 earnings per share for the current fiscal year.

About CVS Health

CVS Health Corporation provides health solutions in the United States. It operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services.