Elevance Health (ELV) Dividend

Elevance Health, Inc. · Healthcare · Healthcare Plans · quarterly payer

$439.04

As of Nov 5, 2026, Elevance Health (ELV) pays a quarterly dividend of $1.72 per share, or $6.88 a year, a 1.58% yield at its $439.04 share price. The next ex-dividend date is Dec 4, 2026, paid Dec 18, 2026. It has raised its dividend 14 years in a row and has a dividend safety grade of A.

Forward Yield

1.58%

Annual Dividend

$6.88

Payout Ratio

29%

5-Yr Growth

12.5%

Ex-Date

Dec 4, 2026

Frequency

Quarterly

Key facts about ELV's dividend

Data as of Nov 5, 2026 · Source: SmarterDividends data

As of Nov 5, 2026, Elevance Health, Inc. (ELV) has a forward dividend yield of 1.58%, based on an annual dividend of $6.88 per share and a share price of $439.04.
As of Nov 5, 2026, ELV's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Elevance Health, Inc. (ELV) has raised its dividend for 14 consecutive years as of Nov 5, 2026.
ELV has never cut its regular dividend in the payment history SmarterDividends has on record.
ELV's next ex-dividend date is Dec 4, 2026, with payment on Dec 18, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 5, 2026, ELV pays out 29% of its trailing 12-month earnings as dividends (its payout ratio).
ELV's dividend has grown at an average rate of 12.5% a year over the past five years.
As of Nov 5, 2026, ELV's 1.58% yield is 17% above its five-year average yield of 1.35%.
As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for ELV is $549.72 per share, 25% above the $439.04 share price, so ELV screens as undervalued.
Elevance Health, Inc. (ELV) pays its dividend quarterly, 4 times a year.
Elevance Health, Inc. (ELV) has raised its regular dividend 15 times and cut it 0 times across the 63 payments on record since 2011. Its most recent change was a 0.6% increase to $1.72 per share, going ex-dividend on Mar 10, 2026.
Elevance Health (ELV) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 0.6%, was declared on Jan 27, 2026.

Cite this page

SmarterDividends, "ELV Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/ELV

Is ELV a good dividend stock?

Yes

Elevance Health, Inc. (ELV) pays a quarterly dividend yielding 1.58% ($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 (29%)
Strong 12.5% 5-yr dividend growth
Top-tier dividend safety score

Risks

Single-stock concentration risk — diversify

Key Data

Dividend Yield: 1.58%
Payout Ratio: 29%
Annual Dividend: $6.88
5-Yr Avg Growth: 12.5%
Ex-Dividend Date: Dec 4, 2026
Years of Growth: 14
Frequency: quarterly
Beta: 0.63
Market Cap: $95.2B
P/E Ratio: 18.6
5-Yr Total Return: 3%
52-Week Range: $274.84 – $450.69
Dividend Safety: A · 90/100
Ever Cut?: No

ELV dividend raises and cuts

Elevance Health, Inc. (ELV) has raised its regular dividend 15 times and cut it 0 times across the 63 payments on record since 2011. Its most recent change was a 0.6% increase to $1.72 per share, going ex-dividend on Mar 10, 2026.

Ex-date	Change	Old → new	Move
Mar 10, 2026	Raise	$1.71 → $1.72	+0.6%
Mar 10, 2025	Raise	$1.63 → $1.71	+4.9%
Mar 7, 2024	Raise	$1.48 → $1.63	+10.1%
Mar 9, 2023	Raise	$1.28 → $1.48	+15.6%
Mar 9, 2022	Raise	$1.13 → $1.28	+13.3%
Mar 9, 2021	Raise	$0.950 → $1.13	+18.9%
Mar 13, 2020	Raise	$0.800 → $0.950	+18.7%
Mar 15, 2019	Raise	$0.750 → $0.800	+6.7%
Mar 8, 2018	Raise	$0.700 → $0.750	+7.1%
Sep 7, 2017	Raise	$0.650 → $0.700	+7.7%
Mar 8, 2016	Raise	$0.625 → $0.650	+4.0%
Mar 6, 2015	Raise	$0.438 → $0.625	+42.7%

Show all 15 changes since 2012

Ex-date	Change	Old → new	Move
Mar 6, 2014	Raise	$0.375 → $0.438	+16.8%
Mar 6, 2013	Raise	$0.287 → $0.375	+30.7%
Mar 7, 2012	Raise	$0.250 → $0.288	+15.2%

Every ELV payment →Download every raise and cut (CSV)

ELV ex-dividend date & scheduleNext ex-date Dec 4, 2026 · full ex-dividend historyView →ELV dividend historyEvery payment, totals by year, raises and cutsView →ELV dividend calculator100 shares pay $688.00 a year, $172.00 each quarterCalculate →ELV total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is ELV a good dividend stock?

Yes. Elevance Health, Inc. (ELV) pays a quarterly dividend yielding 1.58% ($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.

Is ELV undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ELV's fair value is about $549.72 versus a $439.04 share price — so it looks undervalued (+25% vs. fair value).

Is ELV's dividend safe?

ELV has a dividend-safety grade of A (90/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is ELV's fair value?

Our blended fair-value estimate for ELV is about $549.72 per share, roughly 25% above the current $439.04 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ELV a buy, hold, or sell?

We don't issue formal ratings, but on the data ELV screens as "yes" and undervalued. Elevance Health, Inc. (ELV) pays a quarterly dividend yielding 1.58% ($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. This is research for your own analysis, not investment advice.

Will ELV cut its dividend?

ELV earns a dividend-safety grade of A (90/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does ELV pay a dividend?

Yes. Elevance Health, Inc. pays a quarterly dividend of about $6.88 per share annually, a forward yield of roughly 1.58%.

How much dividend does 100 shares of ELV pay?

At $6.88 per share a year, 100 shares of ELV pay $688.00 a year in dividends before tax, about $172.00 each quarter. Buying them costs about $43,904 at the Nov 5, 2026 price.

What is ELV's dividend yield?

As of Nov 5, 2026, ELV's forward dividend yield is 1.58%, based on a $6.88 annual dividend and a $439.04 share price.

What is ELV's dividend per share?

As of Nov 5, 2026, ELV pays $6.88 per share per year, distributed on a quarterly basis.

What is ELV's dividend payout ratio?

As of Nov 5, 2026, ELV's payout ratio is 29% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has ELV grown its dividend?

As of Nov 5, 2026, ELV has increased its dividend for 14 consecutive years.

When is the next ELV ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for ELV is Dec 4, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full ELV dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 10, 2026	Sep 25, 2026	$1.7200	regular
Jun 10, 2026	Jun 25, 2026	$1.7200	regular
Mar 10, 2026	Mar 25, 2026	$1.7200	regular
Dec 5, 2025	Dec 19, 2025	$1.7100	regular
Sep 10, 2025	Sep 25, 2025	$1.7100	regular
Jun 10, 2025	Jun 25, 2025	$1.7100	regular
Mar 10, 2025	Mar 25, 2025	$1.7100	regular
Dec 5, 2024	Dec 20, 2024	$1.6300	regular
Sep 10, 2024	Sep 25, 2024	$1.6300	regular
Jun 10, 2024	Jun 25, 2024	$1.6300	regular
Mar 7, 2024	Mar 22, 2024	$1.6300	regular
Dec 5, 2023	Dec 21, 2023	$1.4800	regular
Sep 7, 2023	Sep 22, 2023	$1.4800	regular
Jun 8, 2023	Jun 23, 2023	$1.4800	regular