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

CVS Health Corporation (NYSE:CVS) announced a quarterly dividend on Tuesday, January 6th. Stockholders of record on Thursday, January 22nd will be paid a dividend of 0.665 per share by the pharmacy operator on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. 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 raised its dividend annually for the last 4 consecutive years. CVS Health has a payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings. 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 Up 0.4%

Shares of CVS traded up $0.29 during mid-day trading on Tuesday, hitting $80.71. 10,636,343 shares of the company’s stock traded hands, compared to its average volume of 8,051,814. The company has a quick ratio of 0.63, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $102.45 billion, a P/E ratio of 212.39, a PEG ratio of 0.74 and a beta of 0.48. The business’s 50-day moving average price is $78.63 and its 200-day moving average price is $73.55. CVS Health has a 1 year low of $44.92 and a 1 year high of $85.15.

CVS Health (NYSE:CVS) last released its quarterly earnings results 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. CVS Health had a net margin of 0.12% and a return on equity of 11.45%. The business had revenue of $102.87 billion for the quarter, compared to analysts’ expectations of $98.85 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. CVS Health has set its FY 2025 guidance at 6.550-6.650 EPS. As a group, sell-side analysts forecast that CVS Health will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CVS shares. Morgan Stanley increased their price target on shares of CVS Health from $89.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Argus upped their target price on CVS Health from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Wells Fargo & Company lowered their target price on CVS Health from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. TD Cowen lifted their price target on CVS Health from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of CVS Health in a report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.86.

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.