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

CVS Health Corporation (NYSE:CVS) announced a quarterly dividend on Wednesday, March 18th. Investors 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 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 $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 Stock Down 2.4%

Shares of NYSE:CVS 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 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 cap of $92.91 billion, a P/E ratio of 52.92, a P/E/G ratio of 0.78 and a beta of 0.49. The firm has a fifty day moving average price of $77.83 and a 200 day moving average price of $77.83.

CVS Health (NYSE:CVS) last posted its quarterly earnings data on Tuesday, February 10th. The pharmacy operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. CVS Health had a net margin of 0.44% and a return on equity of 11.31%. The company had revenue of $105.69 billion for the quarter, compared to analyst estimates of $103.67 billion. During the same period in the previous year, the business posted $1.19 earnings per share. CVS Health’s quarterly revenue was up 8.2% on a year-over-year basis. CVS Health has set its FY 2026 guidance at 5.940-6.140 EPS. Sell-side analysts predict that CVS Health will post 5.89 EPS for the current year.

Institutional Investors Weigh In On CVS Health

A number of institutional investors have recently added to or reduced their stakes in the business. National Pension Service lifted its stake in shares of CVS Health by 3.1% in the third quarter. National Pension Service now owns 3,999,622 shares of the pharmacy operator’s stock valued at $301,532,000 after purchasing an additional 119,189 shares during the period. Kingsview Wealth Management LLC grew its position in CVS Health by 316.2% during the third quarter. Kingsview Wealth Management LLC now owns 104,432 shares of the pharmacy operator’s stock worth $7,873,000 after buying an additional 79,340 shares during the period. AE Wealth Management LLC increased its holdings in CVS Health by 6.2% in the third quarter. AE Wealth Management LLC now owns 257,204 shares of the pharmacy operator’s stock valued at $19,391,000 after buying an additional 14,983 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CVS Health by 11.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 225,116 shares of the pharmacy operator’s stock valued at $16,971,000 after acquiring an additional 22,653 shares during the period. Finally, Alpha Omega Wealth Management LLC boosted its stake in shares of CVS Health by 12.3% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 149,902 shares of the pharmacy operator’s stock worth $11,301,000 after acquiring an additional 16,418 shares in the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.

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.