Elevance Health, Inc. (ELV) to Distribute Quarterly Dividend of $1.72 on September 25th

Elevance Health, Inc. (NYSE:ELV) declared a quarterly dividend on Tuesday, July 14th. Shareholders of record on Thursday, September 10th will be paid a dividend of 1.72 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, September 10th.

Elevance Health has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Elevance Health has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Elevance Health to earn $29.32 per share next year, which means the company should continue to be able to cover its $6.88 annual dividend with an expected future payout ratio of 23.5%.

Elevance Health Trading Down 0.1%

Elevance Health stock opened at $407.05 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.52 and a current ratio of 1.52. Elevance Health has a fifty-two week low of $274.84 and a fifty-two week high of $436.24. The stock has a market cap of $88.28 billion, a P/E ratio of 18.09, a PEG ratio of 2.12 and a beta of 0.69. The firm’s fifty day moving average price is $397.11 and its 200-day moving average price is $365.14.

Elevance Health (NYSE:ELV) last posted its earnings results on Wednesday, July 15th. The company reported $7.45 EPS for the quarter, topping the consensus estimate of $6.21 by $1.24. Elevance Health had a return on equity of 14.64% and a net margin of 2.47%.The business had revenue of $49.83 billion during the quarter, compared to analysts’ expectations of $48.88 billion. During the same period in the previous year, the business earned $8.84 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Elevance Health will post 27.18 earnings per share for the current fiscal year.

Elevance Health Company Profile

Elevance Health, Inc (NYSE: ELV) is a large U.S.-based health benefits company that provides a broad range of health insurance products and related services. Headquartered in Indianapolis, the company rebranded from Anthem, Inc to Elevance Health in 2022 while continuing to operate consumer-facing health plans under established state and national brands. Gail Boudreaux serves as chief executive officer and president, leading the company’s strategic focus on integrated health care and benefit delivery.

Elevance’s core activities include offering medical and specialty health plans for individuals, employers and government programs, including Medicare and Medicaid managed-care products.