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

CVS Health Corporation (NYSE:CVS) declared a quarterly dividend on Wednesday, March 18th. Shareholders of record on Thursday, April 23rd will be given a dividend of 0.665 per share by the pharmacy operator on Monday, May 4th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, April 23rd.

CVS Health has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. CVS Health has a payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 2.4%

Shares of CVS Health stock opened at $73.03 on Thursday. CVS Health has a 1-year low of $58.35 and a 1-year high of $85.15. The company’s fifty day simple moving average is $77.83 and its 200-day simple moving average is $77.83. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.84 and a quick ratio of 0.63. The stock has a market capitalization of $92.91 billion, a PE ratio of 52.92, a P/E/G ratio of 0.78 and a beta of 0.49.

CVS Health (NYSE:CVS) last announced its earnings results on Tuesday, February 10th. The pharmacy operator reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $105.69 billion for the quarter, compared to analysts’ expectations of $103.67 billion. CVS Health had a return on equity of 11.31% and a net margin of 0.44%.CVS Health’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. CVS Health has set its FY 2026 guidance at 5.940-6.140 EPS. As a group, equities analysts anticipate that CVS Health will post 5.89 earnings per share for the current year.

About CVS Health

CVS Health Corporation is a diversified healthcare company that operates a large network of retail pharmacies, pharmacy benefit management services and health care solutions. Headquartered in Woonsocket, Rhode Island, the company traces its roots to the early 1960s and has grown into an integrated provider of prescription drugs, over‑the‑counter products, clinical services and health insurance offerings. Its operating model combines retail pharmacy locations and in‑store clinics with broader pharmacy and health plan capabilities.

Key business activities include CVS Pharmacy retail operations, MinuteClinic walk‑in medical clinics and HealthHUB locations that offer expanded clinical services.