CVS Health (CVS) declares dividend hike of 10% to $0.605 quarterly per share Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
CVS Health As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
CVS Health As of October 10, 2023	CVS	$2.42	0.0%	10.0%	10.0%
Health Care Services	3.4%	2	3.9%	Quarter	1985

CVS Health hikes dividend by 10%

Thursday 15 December 2022

On December 15, 2022, CVS Health Corporation (CVS) announced that it will raise its quarterly dividend by 10% to $0.605 per share next year. This matches the 2021 dividend hike by CVS and marks the 2nd consecutive year of dividend growth. The 5 year CAGR for the CVS dividend now jumps to 3.9%.

The next CVS dividend is payable on February 1, 2023, to holders of record on January 20, 2023. The new annual dividend of $2.42 per share translates into an estimated yield of 2.5% at a stock price of $95.45.

CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services. CVS Health segments include Pharmacy Services, Retail/LTC, Health Care Benefits and Corporate/Other. CVS Health, formerly known as CVS Caremark, has paid a dividend to shareholders every year since at least 1985.

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