CVS Health Corporation
CVS28 yrs growthHealthcare · Stock · quarterly payer
$94.82
Add to PortfolioForward Yield
2.81%
Annual Dividend
$2.66
Payout Ratio
117%
5-Yr Growth
5.9%
Ex-Date
Apr 23, 2026
Frequency
Quarterly
CVS Dividend Safety Score
85/ 100
Grade A
Very Safe
Dividend-growth streak29 consecutive years of growth
Cut historyCut its dividend in 1996
Earnings payout coverage117% of earnings paid out
Free-cash-flow coverage65% of free cash flow
Balance-sheet strengthDebt/equity of 1.01
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is CVS a good dividend stock?
YesCVS Health Corporation (CVS) pays a quarterly dividend yielding 2.81% ($2.66/yr), with 28 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 28 consecutive years of growth
- Strong 5.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 1996
- Elevated payout ratio (117%)
Key Data
- Dividend Yield
- 2.81%
- Payout Ratio
- 117%
- Annual Dividend
- $2.66
- 5-Yr Avg Growth
- 5.9%
- Ex-Dividend Date
- Apr 23, 2026
- Years of Growth
- 28
- Frequency
- quarterly
- Beta
- 0.62
- Market Cap
- $121.0B
- P/E Ratio
- 41.6
- 5-Yr Total Return
- 14%
- 52-Week Range
- $58.50 – $98.43
- Dividend Safety
- A · 85/100
- Ever Cut?
- Yes (1996)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 23, 2026 | — | $0.6650 | regular |
| Jan 22, 2026 | — | $0.6650 | regular |
| Oct 23, 2025 | — | $0.6650 | regular |
| Jul 22, 2025 | — | $0.6650 | regular |
| Apr 22, 2025 | — | $0.6650 | regular |
| Jan 23, 2025 | — | $0.6650 | regular |
| Oct 21, 2024 | — | $0.6650 | regular |
| Jul 22, 2024 | — | $0.6650 | regular |
| Apr 19, 2024 | — | $0.6650 | regular |
| Jan 19, 2024 | — | $0.6650 | regular |
| Oct 19, 2023 | — | $0.6050 | regular |
| Jul 20, 2023 | — | $0.6050 | regular |
| Apr 20, 2023 | — | $0.6050 | regular |
| Jan 19, 2023 | — | $0.6050 | regular |
Income Calculator
At $2.66 / yr per share
Per payment (quarterly)$66.50
Annual$266.00
Monthly avg$22.17
