Elevance Health, Inc.
S&P 500Last update: May 9, 2026 at 09:32
Dividend Safety Rating
ELV's dividend appears safe and well-supported. Strengths include a 29.0% earnings payout ratio & 23.5% fcf payout ratio. Areas of concern: 71.0% cfo payout ratio & 5.3% operating margin. The dividend has been growing at a 12.47% 5-year CAGR.
Based on 14 of 15 metrics
Strengths
- Earnings Payout Ratio: 29.0%Low earnings payout ratio leaves room to grow the dividend.
- FCF Payout Ratio: 23.5%Free cash flow comfortably covers the dividend.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
Risks
- CFO Payout Ratio: 71.0%Operating cash flow leaves little room for the payout.
- Operating Margin: 5.3%Operating margin is thin and pressures the dividend.
Payout & Coverage
SafeBalance Sheet
SafeProfitability
CautionDividend Track Record
Very SafeAbout Elevance Health, Inc.
Elevance Health, Inc. is a leading health company that operates through key segments including Health Benefits, CarelonRx, Carelon Services, and Corporate and Other. The Health Benefits segment provides a comprehensive suite of commercial, Medicare, and Medicaid health plans, along with managed care options like preferred provider organizations, serving employers, individuals, families, and communities across multiple states via affiliates such as Anthem Blue Cross and Blue Shield and Wellpoint. CarelonRx delivers pharmacy services to both affiliated health plan members and external customers. Carelon Services integrates physical, behavioral, pharmacy, and social care to support whole health affordably through risk-based solutions, clinical expertise, and partnerships with health plans, government agencies, and providers. This holistic approach addresses physical, behavioral, and social needs, enhanced by digital tools and data insights for better outcomes, affordability, equity, and access. Founded in 1944 and headquartered in Indianapolis, Indiana, Elevance Health plays a pivotal role in the U.S. healthcare market by simplifying care delivery and advancing integrated health solutions for diverse populations.
Dividend Overview
Dividend Yield
1.81%
Annual Dividend
$6.85
Frequency
Quarterly
Payout Ratio
29.03%
FCF Payout Ratio
23.55%
Stock Price
$378.07
52-Week Range
$273.71 – $424.24
Dividend History (2016–2025)
ELV annual dividend per share and yield history
Earnings & Profitability
ELV earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 10, 2026
Next Payment Date
June 25, 2026
Dividend Growth
3-Year Dividend CAGR
10.14%
5-Year Dividend CAGR
12.47%
10-Year Dividend CAGR
10.59%
3-Year Total Growth
33.59%
5-Year Total Growth
80.00%
10-Year Total Growth
173.60%
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Frequently Asked Questions
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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.