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

Key Points

• CVS Health declared a quarterly dividend of $0.665 per share, payable November 2 to shareholders of record as of October 22. The dividend equates to $2.66 annually and a 3.1% yield.
• The dividend appears well covered, with a current payout ratio of 37.7% and an expected future payout ratio of 31.3%; CVS has increased its dividend for four consecutive years.
• CVS recently reported stronger-than-expected quarterly results, with earnings of $2.58 per share and revenue of $106.1 billion, up 7.3% year over year. The stock opened at $85.79, down 1.5%.

CVS Health Corporation (NYSE:CVS - Get Free Report) announced a quarterly dividend on Wednesday, September 30th. Investors of record on Thursday, October 22nd will be given a dividend of $0.6650 per share by the pharmacy operator on Monday, November 2nd. This represents a $2.66 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, October 22nd.

CVS Health has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. 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 $8.51 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 31.3%.

CVS Health Trading Down 1.5%

CVS stock opened at $85.79 on Thursday. CVS Health has a one year low of $69.51 and a one year high of $110.68. The company has a market capitalization of $109.73 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 0.85 and a beta of 0.59. The company's 50 day moving average price is $95.54 and its two-hundred day moving average price is $91.87. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.66 and a current ratio of 0.87.

CVS Health (NYSE:CVS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The pharmacy operator reported $2.58 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.71. CVS Health had a net margin of 1.18% and a return on equity of 13.12%. The business had revenue of $106.10 billion during the quarter, compared to the consensus estimate of $100.03 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. CVS Health has set its FY 2026 guidance at 7.900-8.100 EPS. As a group, analysts predict that CVS Health will post 8.02 earnings per share for the current fiscal year.

About CVS Health

CVS Health Corp. is an integrated health care company that provides pharmacy, insurance and health services primarily in the United States. Its operations are designed to connect consumers, health plans, health care providers and pharmacy services across multiple points of care.

The company's major businesses include CVS Pharmacy retail locations, prescription fulfillment and consumer health products; CVS Caremark, a pharmacy benefit management business; and Aetna, which offers health insurance products and related services for employers, individuals, government programs and other organizations.

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