CVS Health Corporation
S&P 500Last update: May 9, 2026 at 09:32
Dividend Safety Rating
CVS's dividend shows some areas that warrant monitoring. Strengths include a 43.5% fcf payout ratio & 28.2% net debt / total assets. Areas of concern: 116.7% earnings payout ratio & 1.7x interest coverage. The dividend has been growing at a 5.87% 5-year CAGR.
Based on 15 of 15 metrics
Strengths
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
- Dividend Cut: NoneNo dividend cut in recent history.
- FCF Payout Ratio: 43.5%Free cash flow comfortably covers the dividend.
Risks
- Earnings Payout Ratio: 116.7%High earnings payout ratio leaves little safety margin.
- Return on Equity: 3.8%Return on equity is below industry norms.
- Interest Coverage: 1.7xInterest coverage is thin relative to debt servicing.
Payout & Coverage
CautionBalance Sheet
CautionProfitability
WarningDividend Track Record
Very SafeAbout CVS Health Corporation
CVS Health Corporation is an American multinational healthcare company renowned for integrating retail pharmacy, pharmacy benefits management, and health insurance services. Founded in 1963 as Consumer Value Stores in Lowell, Massachusetts, by brothers Stanley and Sidney Goldstein and partner Ralph Hoagland, it has grown into the world's second-largest healthcare company, behind UnitedHealth Group, with headquarters in Woonsocket, Rhode Island. The company operates through key segments: CVS Pharmacy, the largest U.S. retail pharmacy chain with over 9,600 stores across all 50 states, filling one in five prescriptions; CVS Caremark, a leading pharmacy benefits manager serving employers, insurers, and plans with mail-order, specialty, and infusion services; Aetna, a major health insurer; CVS Specialty for complex chronic disease therapies; and additional units like MinuteClinics, Omnicare for long-term care, and Oak Street Health primary care centers. Employing around 300,000 people, CVS Health Corporation plays a pivotal role in the healthcare ecosystem by enhancing access to medications, wellness services, and integrated care solutions for millions nationwide.
Dividend Overview
Dividend Yield
2.94%
Annual Dividend
$2.66
Frequency
Quarterly
Payout Ratio
116.67%
FCF Payout Ratio
43.51%
Stock Price
$90.55
52-Week Range
$58.35 – $90.89
Dividend History (2016–2025)
CVS annual dividend per share and yield history
Earnings & Profitability
CVS earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
April 23, 2026
Last Payment Date
May 4, 2026
Dividend Growth
3-Year Dividend CAGR
6.53%
5-Year Dividend CAGR
5.87%
10-Year Dividend CAGR
6.63%
3-Year Total Growth
20.91%
5-Year Total Growth
33.00%
10-Year Total Growth
90.00%
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Frequently Asked Questions
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How is CVS's Dividend Safety Rating calculated?
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.