CVS HEALTH's latest quarterly dividend was on Jan 19, 2023 (ex-date) with a payout of $0.605 per share. On an annualized basis, the company has a current payout of $2.26 per share. This brings the dividend yield to 3.01% based on its recent close price. The latest dividend has increased by $0.06, or 10% from the prior distribution.
CVS has a dividend yield of 3.01% which is higher than the Healthcare sector and the industry average. In comparison with the Healthcare sector average of 1.85%, CVS HEALTH's dividend yield is 63% higher. Historically CVS's dividend yield has averaged at 2.8% in the last 5 years, which is lower than the current one.
CVS HEALTH has been paying dividends since 1994. CVS has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 10% since twelve months ago. And with the price of the stock down by 30% from a year ago, the dividend yield has increased by 58%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 19, 2023 | Feb 1, 2023 | Dec 15, 2022 | $0.605 | normal |
| Oct 20, 2022 | Nov 1, 2022 | Sep 21, 2022 | $0.55 | normal |
| Jul 21, 2022 | Aug 1, 2022 | Jul 6, 2022 | $0.55 | normal |
| Apr 21, 2022 | May 2, 2022 | Mar 9, 2022 | $0.55 | normal |
| Jan 20, 2022 | Feb 1, 2022 | Dec 10, 2021 | $0.55 | normal |
| Oct 21, 2021 | Nov 1, 2021 | Oct 5, 2021 | $0.5 | normal |
| Jul 22, 2021 | Aug 2, 2021 | Jul 7, 2021 | $0.5 | normal |
| Apr 22, 2021 | May 3, 2021 | Mar 10, 2021 | $0.5 | normal |
| Jan 21, 2021 | Feb 1, 2021 | Jan 4, 2021 | $0.5 | normal |
| Oct 21, 2020 | Nov 2, 2020 | Oct 7, 2020 | $0.5 | normal |
| Jul 22, 2020 | Aug 3, 2020 | Jul 8, 2020 | $0.5 | normal |
| Apr 22, 2020 | May 4, 2020 | Mar 11, 2020 | $0.5 | normal |
| Jan 22, 2020 | Feb 3, 2020 | Jan 2, 2020 | $0.5 | normal |
| Oct 23, 2019 | Nov 4, 2019 | Oct 3, 2019 | $0.5 | normal |
| Jul 24, 2019 | Aug 2, 2019 | Jul 10, 2019 | $0.5 | normal |
| Apr 22, 2019 | May 3, 2019 | Mar 6, 2019 | $0.5 | normal |
| Jan 24, 2019 | Feb 4, 2019 | Jan 3, 2019 | $0.5 | normal |
| Oct 23, 2018 | Nov 1, 2018 | Oct 4, 2018 | $0.5 | normal |
| Jul 24, 2018 | Aug 1, 2018 | Jul 11, 2018 | $0.5 | normal |
| Apr 20, 2018 | May 3, 2018 | Mar 14, 2018 | $0.5 | normal |
| Jan 23, 2018 | Feb 2, 2018 | Dec 29, 2017 | $0.5 | normal |
| Oct 23, 2017 | Nov 3, 2017 | Sep 19, 2017 | $0.5 | normal |
| Jul 20, 2017 | Aug 3, 2017 | Jul 6, 2017 | $0.5 | normal |
| Apr 19, 2017 | May 1, 2017 | Mar 2, 2017 | $0.5 | normal |
| Jan 20, 2017 | Feb 2, 2017 | Dec 21, 2016 | $0.5 | normal |
| Oct 20, 2016 | Nov 3, 2016 | Sep 22, 2016 | $0.425 | normal |
| Jul 19, 2016 | Aug 1, 2016 | Jul 6, 2016 | $0.425 | normal |
| Apr 20, 2016 | May 2, 2016 | Mar 2, 2016 | $0.425 | normal |
| Jan 20, 2016 | Feb 2, 2016 | $0.425 | normal | |
| Oct 20, 2015 | Nov 2, 2015 | Oct 1, 2015 | $0.35 | normal |
| Jul 21, 2015 | Aug 3, 2015 | Jul 8, 2015 | $0.35 | normal |
CVS has a payout ratio of 71.4% which is higher than the Healthcare sector and the industry average. In comparison with the Healthcare sector average of 38.8%, CVS HEALTH's payout ratio is 84% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PETS Petmed Express Inc | 7.1% | $1.2 | 210.5% |
| CVS CVS HEALTH Corp | 3.01% | $2.26 | 71.4% |
Yes, CVS HEALTH has been paying dividends for the last 29 years.
CVS hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in April 2023.
CVS HEALTH's last regular dividend was on Jan 19, 2023 (ex-date) with the amount of $0.605 per share.
CVS's annualized dividend per share is $2.26.
CVS HEALTH's current dividend yield is 3.01%.
CVS HEALTH pays dividends quarterly.
CVS HEALTH's dividend payout ratio is 71.4%.
CVS HEALTH's dividend yield is higher than the Healthcare sector average.