CVS Health Corporation (CVS) to Issue Quarterly Dividend of $0.67 on February 2nd

CVS Health Corporation (NYSE:CVS) announced a quarterly dividend on Tuesday, January 6th. Shareholders of record on Thursday, January 22nd will be given a dividend of 0.665 per share by the pharmacy operator on Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, January 22nd.

CVS Health has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. CVS Health has a dividend payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 3.5%

Shares of CVS opened at $78.51 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.83. CVS Health has a 52-week low of $51.79 and a 52-week high of $85.15. The firm has a market cap of $99.66 billion, a price-to-earnings ratio of 206.61, a PEG ratio of 0.72 and a beta of 0.48. The business’s fifty day moving average is $78.85 and its 200-day moving average is $74.42.

CVS Health (NYSE:CVS) last released its quarterly earnings data on Wednesday, October 29th. The pharmacy operator reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.24. The business had revenue of $102.87 billion for the quarter, compared to analyst estimates of $98.85 billion. CVS Health had a return on equity of 11.45% and a net margin of 0.12%.CVS Health’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. CVS Health has set its FY 2025 guidance at 6.550-6.650 EPS. Equities analysts anticipate that CVS Health will post 5.89 EPS for the current fiscal year.

CVS Health Company Profile

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.