Elevance Health, Inc.
ELVHealthcare · Stock · quarterly payer
Forward Yield
1.82%
Annual Dividend
$6.88
Payout Ratio
30%
5-Yr Growth
12.5%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Summary
As of July 2026, Elevance Health, Inc. (ELV) yields 1.82% ($6.88 per share annually), with a blended fair-value estimate of $607.00 — +61% upside, so it screens as undervalued. Dividend safety grade: A (87/100). 14 years of dividend growth.
Is ELV a good dividend stock?
YesElevance Health, Inc. (ELV) pays a quarterly dividend yielding 1.82% ($6.88/yr), with 14 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
- 14 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (30%)
- Strong 12.5% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.82%
- Payout Ratio
- 30%
- Annual Dividend
- $6.88
- 5-Yr Avg Growth
- 12.5%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.68
- Market Cap
- $81.9B
- P/E Ratio
- 16.7
- 5-Yr Total Return
- 1%
- 52-Week Range
- $273.71 – $436.24
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
Frequently Asked Questions
ELV Price — Last 12 Months
Daily close
Price Return
1 Year
+19%
3 Years
-15%
5 Years
+1%
52-Week Range
$273.71 – $436.24
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ELV worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Elevance Health, Inc. is $607.00 per share, versus a market price of $377.68. That implies 61% of upside — a margin of safety of about 38%.
Fair Value
$607.00
Current Price
$377.68
Upside
+61%
Margin of Safety
38%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -2.6% annual free-cash-flow growth. We model 14.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.7% discount rate (CAPM), 14.9% stage-1 growth, 2.5% terminal growth, $22.62 EPS, $6.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ELV Dividend Safety Score
Very Safe
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 10, 2026 | — | $1.7200 | regular |
| Mar 10, 2026 | — | $1.7200 | regular |
| Dec 5, 2025 | — | $1.7100 | regular |
| Sep 10, 2025 | — | $1.7100 | regular |
| Jun 10, 2025 | — | $1.7100 | regular |
| Mar 10, 2025 | — | $1.7100 | regular |
| Dec 5, 2024 | — | $1.6300 | regular |
| Sep 10, 2024 | — | $1.6300 | regular |
| Jun 10, 2024 | — | $1.6300 | regular |
| Mar 7, 2024 | — | $1.6300 | regular |
| Dec 5, 2023 | — | $1.4800 | regular |
| Sep 7, 2023 | — | $1.4800 | regular |
| Jun 8, 2023 | — | $1.4800 | regular |
| Mar 9, 2023 | — | $1.4800 | regular |
Income Calculator
At $6.88 / yr per share
