Elevance Health, Inc. (NYSE:ELV) to Issue Quarterly Dividend of $1.72

Elevance Health, Inc. (NYSE:ELV) declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Wednesday, June 10th will be given a dividend of 1.72 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 10th.

Elevance Health has increased 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 14 years. Elevance Health has a dividend payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Elevance Health to earn $29.08 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 23.7%.

Elevance Health Trading Down 0.5%

NYSE ELV traded down $1.79 during trading hours on Wednesday, reaching $326.32. The company had a trading volume of 2,997,286 shares, compared to its average volume of 1,868,877. The stock has a 50-day moving average of $308.88 and a 200 day moving average of $331.60. Elevance Health has a 1-year low of $273.71 and a 1-year high of $432.93. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $71.68 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.49.

Elevance Health (NYSE:ELV) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $12.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.74 by $1.84. The business had revenue of $49.49 billion for the quarter, compared to analysts’ expectations of $48.21 billion. Elevance Health had a net margin of 2.84% and a return on equity of 15.59%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.97 earnings per share. Elevance Health has set its FY 2026 guidance at 19.850- EPS. As a group, research analysts anticipate that Elevance Health will post 25.82 earnings per share for the current fiscal year.

About Elevance Health

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.