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

CVS Health Corporation (NYSE:CVS) declared a quarterly dividend on Wednesday, September 30th. Investors of record on Thursday, October 22nd will be paid 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 increased its dividend by an average of 0.1%per year 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% indicating that 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 Stock Down 1.5%

CVS Health stock opened at $85.79 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 0.74. CVS Health has a 12 month low of $69.51 and a 12 month high of $110.68. The firm has a market cap of $109.73 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 0.85 and a beta of 0.59. The stock has a fifty day simple moving average of $95.54 and a two-hundred day simple moving average of $91.87.

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

CVS Health Company Profile

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.