CVS Health Corporation

CVS|Healthcare|Healthcare Plans|$72.80|P/E 54.8|MCap 96.5B|NYSE

Last update: Mar 25, 2026 at 04:53

About 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

3.51%

Annual Dividend

$2.66

Frequency

Quarterly

Payout Ratio

191.37%

FCF Payout Ratio

43.51%

Stock Price

$72.80

52-Week Range

$58.35 – $85.15

Dividend Health Score

Caution

Dividend Health Assessment

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: 191.4% 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

Payout & Coverage

Caution

Earnings Payout Ratio

191.4%Danger

FCF Payout Ratio

43.5%Safe

CFO Payout Ratio

66.0%Caution

Interest Coverage

1.7xWarning

Balance Sheet

Caution

Net Debt / Total Assets

28.2%Safe

Current Ratio

0.8xWarning

Debt-to-Equity

106.1Caution

Profitability

Warning

Return on Equity

2.3%Danger

Operating Margin

1.6%Danger

Gross Margin

12.8%Warning

Profit Margin Stability

VolatileWarning

Dividend Track Record

Very Safe

11+ yrsVery Safe

NoneVery Safe

5.9%Safe

StableSafe

Dividend History (2016–2025)

CVS annual dividend per share and yield history

Earnings & Profitability

CVS earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

January 22, 2026

Next Payment Date

February 2, 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%

Income Calculator

CVS Dividend Calculator

Number of Shares

Total Investment

$7,280.00

Annual Income

$266.00

Quarterly Income

$66.50

Monthly Income

$22.17

Similar Dividend Stocks

Stock	Yield	5Y CAGR	Price	Sector
CVS	3.51%	5.87%	$72.80	Healthcare
BMYBristol-Myers Squibb Company	4.17%	-9.52%	$57.39	Healthcare
CIThe Cigna Group	2.27%	172.77%	$265.87	Healthcare
CORCencora Inc.	0.66%	-15.97%	$327.27	Healthcare
ELVElevance Health, Inc.	2.35%	12.47%	$290.33	Healthcare
HCAHCA Healthcare Inc.	0.55%	30.19%	$485.72	Healthcare
HUMHumana Inc.	2.08%	7.20%	$172.23	Healthcare
MCKMcKesson Corporation	0.34%	13.01%	$881.94	Healthcare
MDTMedtronic plc	3.21%	4.42%	$86.58	Healthcare

Frequently Asked Questions

What is CVS's current dividend yield?

CVS Health Corporation (CVS) currently has a dividend yield of 3.51%, based on a stock price of $72.80 and an annual dividend of $2.66.

When is CVS's next dividend payment date?

CVS's next ex-dividend date is 2026-01-22 and the next payment date is 2026-02-02. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does CVS pay in dividends per year?

CVS Health Corporation paid $2.66 per share in annual dividends in 2025. The dividends are paid quarterly.

Has CVS been increasing its dividend?

CVS Health Corporation has grown its dividend at a 5-year CAGR of 5.87% and a 10-year CAGR of 6.63%.

Is CVS's dividend safe?

CVS Health Corporation has a payout ratio of 191.37%. Its free cash flow payout ratio is 43.51%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.

How is CVS's Dividend Health Score calculated?

The Dividend Health Score evaluates CVS Health Corporation's dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for healthcare companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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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 Health Score, 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.