CVS Health Corp

NYSE : CVS
USA·Healthcare·Healthcare Plans
$92.36
+2.17 (+2.28%)Oct 16 close
Market Cap
$117.50B
Enterprise Value
$180.05B
P/E (TTM)
24.43
P/B
1.48
Net Cash / (Debt)
−$62.35B
52-Week Range
$69 — $111
5-Year Range
$44 — $111
Avg Volume (3M)
8.16M
Dividend Yield (TTM)
2.16%
vs 5Y avg 3.20% · 10Y avg 3.03%
Dividend Yield (Forward)
2.88%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.00
Forward (annualized): $2.66
Payout Ratio (EPS, TTM)
70.4%
Payout Ratio (FCF, TTM)
29.0%
Dividend CAGR (3Y / 5Y / 10Y)
3Y6.5%5Y5.9%10Y6.6%
Consecutive Growth Years
0
as of 2025
Years Without a Cut
28
as of 2025
Total Shareholder Yield (TTM)
2.75%
Div 2.75% + Net buyback 0.00%

Growth, streak and CAGR figures exclude special dividends.

Dividends per share

Cash dividends, split-adjusted · USD

Payout ratio

Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.

Dividend yield

Trailing-twelve-month dividends ÷ month-end price.

Capital returns

Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.

Total Shareholder Yield (TTM)
2.7%
Dividends 2.7% + Net buybacks 0.0%
Net Buyback (TTM)
$0
Gross $0 − Issuance $0
SBC (TTM)
$715M
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

Dividend growth is decelerating (0.0% latest vs 10.0% 3-yr avg).

YearDPS (regular sum, USD)ChangeHikes
20252.660.0%0
20242.66+9.9%1
20232.42+10.0%1
20222.20+10.0%1
20212.000.0%0
20202.000.0%0
20192.000.0%0
20182.000.0%0
20172.00+17.6%1
20161.70+21.4%1
20151.40+27.3%1
20141.10+22.2%1
20130.90+38.5%1
20120.65+30.0%1
20110.50+42.9%1

Special dividends are excluded from these figures. Based on 162 regular payments.

Payment history (162 payments)

As declaredΔ%TypeFrequencyDeclarationRecordPay date
2026-04-23$0.665–0.0%Cashquarterly2026-03-182026-04-232026-05-04
2026-01-22$0.665–0.0%Cashquarterly2026-01-062026-01-222026-02-02
2025-10-23$0.665–0.0%Cashquarterly2025-09-172025-10-232025-11-03
2025-07-22$0.665–0.0%Cashquarterly2025-07-072025-07-222025-08-01
2025-04-22$0.665–0.0%Cashquarterly2025-03-202025-04-222025-05-01
2025-01-23$0.665–0.0%Cashquarterly2025-01-032025-01-232025-02-03
2024-10-21$0.665–0.0%Cashquarterly2024-09-192024-10-212024-11-01
2024-07-22$0.665–0.0%Cashquarterly2024-07-082024-07-222024-08-01
2024-04-19$0.665–0.0%Cashquarterly2024-03-212024-04-222024-05-01
2024-01-19$0.665–+9.9%Cashquarterly2023-12-052024-01-222024-02-01
2023-10-19$0.605–0.0%Cashquarterly2023-09-212023-10-202023-11-01
2023-07-20$0.605–0.0%Cashquarterly2023-07-072023-07-212023-08-01
2023-04-20$0.605–0.0%Cashquarterly2023-03-162023-04-212023-05-01
2023-01-19$0.605–+10.0%Cashquarterly2022-12-152023-01-202023-02-01
2022-10-20$0.55–0.0%Cashquarterly2022-09-212022-10-212022-11-01
2022-07-21$0.55–0.0%Cashquarterly2022-07-062022-07-222022-08-01
2022-04-21$0.55–0.0%Cashquarterly2022-03-092022-04-222022-05-02
2022-01-20$0.55–+10.0%Cashquarterly2021-12-102022-01-212022-02-01
2021-10-21$0.5–0.0%Cashquarterly2021-10-052021-10-222021-11-01
2021-07-22$0.5–0.0%Cashquarterly2021-07-072021-07-232021-08-02
2021-04-22$0.5–0.0%Cashquarterly2021-03-132021-04-232021-05-03
2021-01-21$0.5–0.0%Cashquarterly2021-01-042021-01-222021-02-01
2020-10-21$0.5–0.0%Cashquarterly2020-10-072020-10-222020-11-02
2020-07-22$0.5–0.0%Cashquarterly2020-07-082020-07-232020-08-03
2020-04-22$0.5–0.0%Cashquarterly2020-03-112020-04-232020-05-04
2020-01-22$0.5–0.0%Cashquarterly2020-01-022020-01-232020-02-03
2019-10-23$0.5–0.0%Cashquarterly2019-10-032019-10-242019-11-04
2019-07-24$0.5–0.0%Cashquarterly2019-07-102019-07-252019-08-02
2019-04-22$0.5–0.0%Cashquarterly2019-03-062019-04-232019-05-03
2019-01-24$0.5–0.0%Cashquarterly2019-01-032019-01-252019-02-04
2018-10-23$0.5–0.0%Cashquarterly2018-10-042018-10-242018-11-01
2018-07-24$0.5–0.0%Cashquarterly2018-07-112018-07-252018-08-01
2018-04-20$0.5–0.0%Cashquarterly2018-03-142018-04-232018-05-03
2018-01-23$0.5–0.0%Cashquarterly2017-12-292018-01-242018-02-02
2017-10-23$0.5–0.0%Cashquarterly2017-09-192017-10-242017-11-03
2017-07-20$0.5–0.0%Cashquarterly2017-07-062017-07-242017-08-03
2017-04-19$0.5–0.0%Cashquarterly2017-03-022017-04-212017-05-01
2017-01-20$0.5–+17.6%Cashquarterly2016-12-212017-01-242017-02-02
2016-10-20$0.425–0.0%Cashquarterly2016-09-222016-10-242016-11-03
2016-07-19$0.425–0.0%Cashquarterly2016-07-062016-07-212016-08-01
2016-04-20$0.425–0.0%Cashquarterly2016-03-022016-04-222016-05-02
2016-01-20$0.425–+21.4%Cashquarterly2015-12-162016-01-222016-02-02
2015-10-20$0.35–0.0%Cashquarterly2015-10-012015-10-222015-11-02
2015-07-21$0.35–0.0%Cashquarterly2015-07-082015-07-232015-08-03
2015-04-22$0.35–0.0%Cashquarterly2015-03-042015-04-242015-05-04
2015-01-20$0.35–+27.3%Cashquarterly2014-12-172015-01-222015-02-02
2014-10-21$0.275–0.0%Cashquarterly2014-09-242014-10-232014-11-03
2014-07-17$0.275–0.0%Cashquarterly2014-07-102014-07-212014-08-01
2014-04-17$0.275–0.0%Cashquarterly2014-03-062014-04-222014-05-02
2014-01-21$0.275–+22.2%Cashquarterly2013-12-182014-01-232014-02-03
2013-10-17$0.225–0.0%Cashquarterly2013-09-252013-10-212013-11-01
2013-07-18$0.225–0.0%Cashquarterly2013-07-102013-07-222013-08-02
2013-04-19$0.225–0.0%Cashquarterly2013-03-062013-04-232013-05-03
2013-01-22$0.225–+38.5%Cashquarterly2012-12-132013-01-242013-02-04
2012-10-18$0.1625–0.0%Cashquarterly2012-09-202012-10-222012-11-02
2012-07-19$0.1625–0.0%Cashquarterly2012-07-062012-07-232012-08-03
2012-04-19$0.1625–0.0%Cashquarterly2012-03-082012-04-232012-05-03
2012-01-19$0.1625–+30.0%Cashquarterly2011-12-212012-01-232012-02-02
2011-10-19$0.125–0.0%Cashquarterly2011-09-222011-10-212011-11-01
2011-07-20$0.125–0.0%Cashquarterly2011-07-072011-07-222011-08-02
2011-04-19$0.125–0.0%Cashquarterly2011-03-102011-04-222011-05-03
2011-01-19$0.125–+42.9%Cashquarterly2011-01-122011-01-212011-02-02
2010-10-20$0.0875–0.0%Cashquarterly2010-09-232010-10-222010-11-02
2010-07-20$0.0875–0.0%Cashquarterly2010-07-082010-07-222010-08-02
2010-04-21$0.0875–0.0%Cashquarterly2010-03-112010-04-232010-05-04
2010-01-20$0.0875–+14.8%Cashquarterly2010-01-132010-01-222010-02-02
2009-10-20$0.0763–0.0%Cashquarterly2009-09-212009-10-222009-11-03
2009-07-21$0.0763–0.0%Cashquarterly2009-07-092009-07-232009-08-03
2009-04-20$0.0763–0.0%Cashquarterly2009-03-052009-04-222009-05-04
2009-01-21$0.0763–+10.5%Cashquarterly2009-01-142009-01-232009-02-03
2008-10-17$0.069–0.0%Cashquarterly2008-09-252008-10-212008-11-03
2008-07-17$0.069–+15.0%Cashquarterly2008-07-102008-07-212008-08-01
2008-04-17$0.06–0.0%Cashquarterly2008-03-052008-04-212008-05-02
2008-01-17$0.06–0.0%Cashquarterly2008-01-092008-01-222008-02-01
2007-10-18$0.06–0.0%Cashquarterly2007-09-262007-10-222007-11-02
2007-07-19$0.06–0.0%Cashquarterly2007-07-112007-07-232007-08-03
2007-04-20$0.06–+23.1%Cashquarterly2007-03-292007-04-242007-05-04
2007-01-18$0.0488–+25.6%Cashquarterly2007-01-102007-01-222007-02-02
2006-10-18$0.0388–0.0%Cashquarterly2006-09-202006-10-212006-11-01
2006-07-19$0.0388–0.0%Cashquarterly2006-07-062006-07-212006-08-01
2006-04-20$0.0388–0.0%Cashquarterly2006-03-012006-04-242006-05-03
2006-01-19$0.0388–+6.9%Cashquarterly2006-01-122006-01-232006-02-03
2005-10-19$0.0363–0.0%Cashquarterly2005-09-142005-10-212005-11-01
2005-07-19$0.0363–0.0%Cashquarterly2005-07-062005-07-212005-08-01
2005-04-20$0.0363$0.07260.0%Cashquarterly2005-03-022005-04-222005-05-02
2005-01-20$0.0363$0.0726+9.3%Cashquarterly2005-01-052005-01-242005-02-04
2004-10-20$0.0332$0.06640.0%Cashquarterly2004-09-142004-10-222004-11-01
2004-07-20$0.0332$0.06640.0%Cashquarterly2004-07-072004-07-222004-08-02
2004-04-21$0.0332$0.06640.0%Cashquarterly2004-03-032004-04-232004-05-03
2004-01-20$0.0332$0.0664+15.3%Cashquarterly2003-10-292004-01-222004-02-03
2003-10-17$0.0288$0.05760.0%Cashquarterly2003-09-102003-10-212003-10-31
2003-07-17$0.0288$0.05760.0%Cashquarterly2003-07-092003-07-212003-08-01
2003-04-17$0.0288$0.05760.0%Cashquarterly2003-03-052003-04-222003-05-02
2003-01-21$0.0288$0.05760.0%Cashquarterly2003-01-082003-01-232003-02-04
2002-10-17$0.0288$0.05760.0%Cashquarterly2002-09-112002-10-212002-11-01
2002-07-18$0.0288$0.05760.0%Cashquarterly2002-07-102002-07-222002-08-02
2002-04-19$0.0288$0.05760.0%Cashquarterly2002-03-062002-04-232002-05-03
2002-01-18$0.0288$0.05760.0%Cashquarterly2001-12-292002-01-232002-02-05
2001-10-18$0.0288$0.05760.0%Cashquarterly2001-10-112001-10-222001-11-02
2001-07-19$0.0288$0.05760.0%Cashquarterly2001-07-112001-07-192001-08-03
2001-04-20$0.0288$0.05760.0%Cashquarterly2001-03-072001-04-242001-05-04
2001-01-19$0.0288$0.05760.0%Cashquarterly2001-01-102001-01-232001-02-05
2000-10-19$0.0288$0.05760.0%Cashquarterly2000-09-132000-10-232000-11-03
2000-07-20$0.0288$0.05760.0%Cashquarterly2000-07-122000-07-242000-08-04
2000-04-20$0.0288$0.05760.0%Cashquarterly2000-04-192000-04-252000-05-04
2000-01-20$0.0288$0.05760.0%Cashquarterly2000-01-122000-01-242000-02-04
1999-10-20$0.0288$0.05760.0%Cashquarterly1999-09-141999-10-221999-11-03
1999-07-20$0.0288$0.05760.0%Cashquarterly1999-07-071999-07-221999-08-03
1999-04-21$0.0288$0.05760.0%Cashquarterly1999-04-141999-04-231999-05-04
1999-01-20$0.0288$0.05760.0%Cashquarterly1999-01-121999-01-221999-02-03
1998-10-21$0.0288$0.05760.0%Cashquarterly1998-10-091998-10-231998-11-02
1998-07-21$0.0288$0.0576+4.7%Cashquarterly1998-05-131998-07-231998-08-01
1998-04-21$0.0275$0.110.0%Cashquarterly1998-03-121998-04-231998-05-01
1998-01-21$0.0275$0.110.0%Cashquarterly1998-01-141998-01-241998-02-02
1997-10-21$0.0275$0.110.0%Cashquarterly1997-10-081997-10-231997-11-01
1997-07-21$0.0275$0.110.0%Cashquarterly1997-07-081997-07-231997-08-01
1997-04-21$0.0275$0.110.0%Cashquarterly1997-03-121997-04-231997-05-01
1997-01-21$0.0275$0.110.0%Cashquarterly1997-01-081997-01-231997-02-01
1996-10-21$0.0275$0.110.0%Cashquarterly1996-10-011996-10-231996-11-01
1996-07-19$0.0275$0.110.0%Cashquarterly1996-06-291996-07-231996-08-01
1996-04-18$0.0275$0.11-71.1%Cashquarterly1996-04-091996-04-221996-05-01
1996-01-19$0.095$0.380.0%Cashquarterly1996-01-101996-01-231996-02-01
1995-10-20$0.095$0.380.0%Cashquarterly1995-09-301995-10-241995-11-01
1995-07-20$0.095$0.380.0%Cashquarterly1995-06-301995-07-241995-08-01
1995-04-18$0.095$0.380.0%Cashquarterly1995-03-291995-04-241995-05-01
1995-01-18$0.095$0.380.0%Cashquarterly1995-01-111995-01-241995-02-01
1994-10-18$0.095$0.380.0%Cashquarterly1994-10-121994-10-241994-11-01
1994-07-19$0.095$0.380.0%Cashquarterly1994-07-141994-07-251994-08-01
1994-04-19$0.095$0.380.0%Cashquarterly1994-04-121994-04-251994-05-01
1994-01-18$0.095$0.380.0%Cashquarterly1994-01-121994-01-241994-02-01
1993-10-19$0.095$0.380.0%Cashquarterly1993-10-131993-10-251993-11-01
1993-07-20$0.095$0.380.0%Cashquarterly1993-07-141993-07-261993-08-01
1993-04-19$0.095$0.380.0%Cashquarterly1993-04-141993-04-231993-05-01
1993-01-19$0.095$0.38+2.7%Cashquarterly1993-01-131993-01-251993-02-01
1992-10-20$0.0925$0.370.0%Cashquarterly1992-10-141992-10-261992-11-01
1992-07-20$0.0925$0.370.0%Cashquarterly1992-07-081992-07-241992-08-01
1992-04-20$0.0925$0.370.0%Cashquarterly1992-04-141992-04-241992-05-01
1992-01-14$0.0925$0.37+2.8%Cashquarterly1992-01-071992-01-211992-02-01
1991-10-16$0.09$0.360.0%Cashquarterly1991-10-091991-10-221991-11-01
1991-07-17$0.09$0.360.0%Cashquarterly1991-07-101991-07-231991-08-01
1991-04-19$0.09$0.360.0%Cashquarterly1991-04-171991-04-251991-05-01
1991-01-15$0.09$0.36+1.4%Cashquarterly1991-01-091991-01-221991-02-01
1990-10-18$0.0888$0.35520.0%Cashquarterly1990-10-111990-10-241990-11-01
1990-07-17$0.0888$0.35520.0%Cashquarterly1990-07-121990-07-231990-08-01
1990-04-20$0.0888$0.35520.0%Cashquarterly1990-04-181990-04-261990-05-01
1990-01-16$0.0888$0.3552+9.2%Cashquarterly1990-01-101990-01-221990-02-01
1989-10-18$0.0813$0.32520.0%Cashquarterly1989-10-111989-10-241989-11-01
1989-07-18$0.0813$0.32520.0%Cashquarterly1989-07-121989-07-241989-08-01
1989-04-18$0.0813$0.32520.0%Cashquarterly1989-04-111989-04-241989-05-01
1989-01-17$0.0813$0.6504+23.7%Cashquarterly1989-01-111989-01-231989-02-01
1988-10-18$0.0657$0.52560.0%Cashquarterly1988-10-121988-10-241988-11-01
1988-07-19$0.0657$0.52560.0%Cashquarterly1988-07-131988-07-251988-08-01
1988-04-19$0.0657$0.52560.0%Cashquarterly1988-04-141988-04-251988-05-01
1988-01-19$0.0657$0.5256+19.5%Cashquarterly1988-01-131988-01-251988-02-01
1987-10-20$0.055$0.440.0%Cashquarterly1987-10-161987-10-261987-11-01
1987-07-20$0.055$0.440.0%Cashquarterly1987-07-151987-07-241987-08-01
1987-04-20$0.055$0.440.0%Cashquarterly1987-04-151987-04-241987-05-01
1987-01-20$0.055$0.44+12.7%Cashquarterly1987-01-141987-01-261987-02-01
1986-10-15$0.0488$0.39040.0%Cashquarterly1986-10-081986-10-211986-11-01
1986-07-17$0.0488$0.39040.0%Cashquarterly1986-07-111986-07-231986-08-01
1986-04-15$0.0488$0.39040.0%Cashquarterly1986-04-081986-04-211986-05-01
1986-01-17$0.0488$0.3904–Cashquarterly1986-01-151986-01-241986-02-01

Splits (5)

DateRatioCumulative
1972-05-012:1×32 to today
1983-05-032:1×16 to today
1989-03-152:1×8 to today
1998-06-162:1×4 to today
2005-06-072:1×2 to today