GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (NYSE:CVS) » Definitions » Dividend Yield %

CVS Health (CVS Health) Dividend Yield %

: 3.55% (As of Today)
View and export this data going back to 1952. Start your Free Trial

As of today (2024-04-19), the Trailing Annual Dividend Yield of CVS Health is 3.55%.

Good Sign:

CVS Health Corp stock dividend yield is close to 10-year high.

The historical rank and industry rank for CVS Health's Dividend Yield % or its related term are showing as below:

CVS' s Dividend Yield % Range Over the Past 10 Years
Min: 1.06   Med: 2.32   Max: 3.82
Current: 3.55

During the past 13 years, the highest Dividend Yield of CVS Health was 3.82%. The lowest was 1.06%. And the median was 2.32%.

CVS's Dividend Yield % is ranked better than
55.56% of 9 companies
in the Healthcare Plans industry
Industry Median: 1.7 vs CVS: 3.55

CVS Health's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.29.

During the past 13 years, the highest Dividend Payout Ratio of CVS Health was 0.54. The lowest was 0.26. And the median was 0.31.

As of today (2024-04-19), the Forward Dividend Yield % of CVS Health is 3.83%.

CVS Health's Dividends per Share for the three months ended in Dec. 2023 was $0.61.

During the past 12 months, CVS Health's average Dividends Per Share Growth Rate was 10.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CVS Health was 37.00% per year. The lowest was -33.80% per year. And the median was 10.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


CVS Health Dividend Yield % Historical Data

The historical data trend for CVS Health's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CVS Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.69 2.93 1.94 2.35 3.06

CVS Health Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.35 3.03 3.34 3.39 3.06

Competitive Comparison

For the Healthcare Plans subindustry, CVS Health's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CVS Health Dividend Yield % Distribution

For the Healthcare Plans industry and Healthcare sector, CVS Health's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where CVS Health's Dividend Yield % falls into.



CVS Health Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

CVS Health Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.6652024-04-192024-04-222024-05-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.6652024-01-192024-01-222024-02-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.6052023-10-192023-10-202023-11-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.6052023-07-202023-07-212023-08-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.6052023-04-202023-04-212023-05-01Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

CVS Health's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=3.145/69.685
=4.51 %

Current Share Price is $69.685.
CVS Health's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.145.

CVS Health's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=2.66/69.685
=3.82 %

Current Share Price is $69.685.
CVS Health's Dividends per Share for the forward twelve months is calculated as $0.665 * 4 = $2.66.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CVS Health  (NYSE:CVS) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


CVS Health Dividend Yield % Related Terms

Thank you for viewing the detailed overview of CVS Health's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


CVS Health (CVS Health) Business Description

Address
One CVS Drive, Woonsocket, RI, USA, 02895
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
Executives
Edward J Ludwig director C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417
Michael F Mahoney director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Thomas F. Cowhey officer: SVP, Interim CFO 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
J Scott Kirby director 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Brian A Kane officer: EVP/President, Aetna 500 W MAIN STREET, LOUISVILLE KY 40202
James David Clark officer: SVP, Cont & Chief Acct Officer ONE CVS DRIVE, WOONSOCKET RI 02760
Karen S Lynch officer: EVP & Pres, Aetna Bus Unit 151 FARMINGTON AVENUE, RW61, HARTFORD CT 06156
Samrat S. Khichi officer: EVP, CPO and General Counsel C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873
Thomas M Moriarty officer: EVP & General Counsel 100 PARSONS POND DRIVE, FRANKLIN LAKES NJ 07417
Jeffrey R. Balser director 3657 RICHLAND AVE., NASHVILLE TN 37205
Alan Lotvin officer: EVP, Transformation 55 NOD ROAD, AVON CT 06001
Daniel P Finke officer: EVP/Pres, Health Care Benefits ONE CVS DRIVE, WOONSOCKET RI 02895
Tilak Mandadi officer: EVP, Chief Technology Officer 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Sreekanth K Chaguturu officer: EVP and Chief Medical Officer ONE CVS DRIVE, WOONSOCKET RI 02895
Prem S Shah officer: EVP and Co-President of Retail ONE CVS DRIVE, WOONSOCKET RI 02895

CVS Health (CVS Health) Headlines

From GuruFocus

Q4 2020 CVS Health Corp Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2022 CVS Health Corp Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2021 CVS Health Corp Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2022 CVS Health Corp Earnings Call Transcript

By GuruFocus Research 01-22-2024

CVS Health to Acquire Signify Health Call Transcript

By GuruFocus Research 01-22-2024

CVS Health Corp Annual Shareholders Meeting Transcript

By GuruFocus Research 01-22-2024