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Elevance Health (Elevance Health) 3-Year Dividend Growth Rate

: 15.90% (As of Mar. 2024)
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Elevance Health's Dividends per Share for the three months ended in Mar. 2024 was $1.63.

The historical rank and industry rank for Elevance Health's 3-Year Dividend Growth Rate or its related term are showing as below:

ELV' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 6.3   Med: 15.75   Max: 29.5
Current: 15.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Elevance Health was 29.50% per year. The lowest was 6.30% per year. And the median was 15.75% per year.

ELV's 3-Year Dividend Growth Rate is ranked better than
75% of 8 companies
in the Healthcare Plans industry
Industry Median: 9.45 vs ELV: 15.90

During the past 12 months, Elevance Health's average Dividends Per Share Growth Rate was 14.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Elevance Health's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.17. As of today, Elevance Health's Dividend Yield % is 1.13%.

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


Competitive Comparison

For the Healthcare Plans subindustry, Elevance Health's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.


Elevance Health 3-Year Dividend Growth Rate Distribution

For the Healthcare Plans industry and Healthcare sector, Elevance Health's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Elevance Health's 3-Year Dividend Growth Rate falls into.



Elevance Health 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Elevance Health  (NYSE:ELV) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Elevance Health's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=1.63/ 9.59
=0.17

During the past 13 years, the highest Dividend Payout Ratio of Elevance Health was 0.28. The lowest was 0.17. And the median was 0.20.

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

Elevance Health Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.6302024-03-072024-03-082024-03-22Cash DividendquarterlyUSD:USD 1.000000
USD 1.4802023-12-052023-12-062023-12-21Cash DividendquarterlyUSD:USD 1.000000
USD 1.4802023-09-072023-09-082023-09-22Cash DividendquarterlyUSD:USD 1.000000
USD 1.4802023-06-082023-06-092023-06-23Cash 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.

Elevance Health's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=6.07/532.92
=1.14 %

Current Share Price is $532.92.
Elevance Health's Dividends per Share for the trailing twelve months (TTM) ended in Today is $6.07.

During the past 13 years, the highest Dividend Yield of Elevance Health was 2.16%. The lowest was 0.90%. And the median was 1.23%.

* 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.


Elevance Health 3-Year Dividend Growth Rate Related Terms>


Elevance Health (Elevance Health) Business Description

Traded in Other Exchanges
Address
220 Virginia Avenue, Indianapolis, IN, USA, 46204
Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 48 million medical members as of June 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.
Executives
Blair Williams Todt officer: EVP and Chief Legal Officer 8735 HENDERSON ROAD, TAMPA FL 33625
Ronald W Penczek officer: SVP, Chief Accounting Officer 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Mark Kaye officer: EVP & CFO Designate 7 WORLD TRADE CENTER, 250 GREENWICH ST, NEW YORK NY 10007
Dixon Robert L Jr director 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Gloria M Mccarthy officer: EVP, Office of the CEO WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Kendrick Charles Morgan Jr officer: EVP & President, Commercial 220 VIRGINIA AVE, INDIANAPOLIS IN 46204
Deanna D Strable-soethout director C/O PRINCIPAL FINANCIAL GROUP, 711 HIGH ST., DES MOINES IA 50392
Ramiro G Peru director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46260
Peter D Haytaian officer: EVP & Pres., Govt. Bus. Div. 220 VIRGINIA AVE, INDIANAPOLIS IN 46204
Susan D. Devore director C/O PREMIER, INC., 13034 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Ryan M. Schneider director 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
John E Gallina officer: SVP & Chief Accounting Officer 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Julie A Hill director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Thomas C Zielinski officer: EVP & General Counsel
Jeffrey D. Alter officer: EVP, IngenioRx & Anthem Health 4330 LA JOLLA VILLAGE DRIVE, SUITE 200, SAN DIEGO CA 92122