CVS Health Corporation (NYSE:CVS – Get Free Report) declared 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 dividend yield of 2.9%. The ex-dividend date of this dividend 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 research 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 Performance
CVS stock opened at $92.68 on Tuesday. The firm has a market cap of $118.53 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average price of $91.68 and a 200-day moving average price of $93.33. CVS Health has a 1-year low of $69.51 and a 1-year high of $110.68.
CVS Health (NYSE:CVS – Get Free Report) last announced its earnings results on Wednesday, August 5th. The pharmacy operator reported $2.58 EPS for the quarter, beating the consensus estimate of $1.87 by $0.71. CVS Health had a return on equity of 13.12% and a net margin of 1.18%. The company had revenue of $106.10 billion for the quarter, compared to analyst estimates of $100.03 billion. During the same quarter in the prior year, the company earned $1.81 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. CVS Health has set its FY 2026 guidance at 7.900-8.100 EPS. As a group, equities research analysts expect that CVS Health will post 8.02 earnings per share for the current year.
CVS Health Company Profile
CVS Health Corporation (NYSE: CVS) is a diversified health care company that provides pharmacy, insurance and health services in the United States. Its businesses serve consumers, employers, health plans and health care providers through pharmacies, benefit programs, insurance coverage and clinical care services.
The company’s Pharmacy Services segment, led by CVS Caremark, manages prescription drug benefits for employers, insurers and government programs. CVS Pharmacy operates retail pharmacies and health-focused stores that dispense prescriptions and offer over-the-counter products, health and wellness merchandise, immunizations and related services.
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