What is CVS's current dividend yield?

CVS HEALTH Corp (CVS) has a dividend yield of 2.92%, paying $2.66 per share annually.

How often does CVS pay dividends?

CVS HEALTH Corp typically pays dividends on a quarterly basis. The annual dividend totals $2.66 per share.

When is CVS's next ex-dividend date?

The most recent ex-dividend date for CVS HEALTH Corp was April 23, 2026. Ex-dividend dates are typically announced a few weeks before the payment date.

What is CVS's dividend growth rate?

CVS HEALTH Corp has a 5-year dividend compound annual growth rate (CAGR) of 5.9%. The 10-year CAGR is 5.5%.

What is CVS's payout ratio?

CVS HEALTH Corp has a payout ratio of 1%, meaning it distributes 1% of its earnings as dividends. This leaves significant room for dividend growth.

CVS HEALTH Corp (CVS) Dividend Analysis

Comprehensive dividend yield, safety, growth, and income analysis for CVS.

CVS HEALTH Corp (CVS) pays a solid 2.92% dividend yield, or $2.66 per share annually at a stock price of $94.91. The payout ratio of 1% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.9x. Dividend growth is slowing — the 3-year CAGR of 4.8% trails the 5-year rate of 5.9% and the 10-year rate of 5.5%. The most recent ex-dividend date was April 23, 2026.

Dividend Overview

CVS HEALTH Corp (CVS) pays a solid 2.92% dividend yield, or $2.66 per share annually at a stock price of $94.91.

Dividend Yield

2.92%

Annual Dividend

$2.66

Share Price

$94.91

Ex-Dividend Date

Apr 23, 2026

Consecutive Years

0 yrs

Sector

Health Care

Dividend Safety

Safe

The payout ratio of 1% is well within sustainable levels, leaving room for future increases.

Payout Ratio1%

0%60%80%100%

DRIP Projection

$10,000 invested in CVS with dividends reinvested would grow to approximately $14,552 after 10 years, generating roughly $752/year in dividend income. This projection assumes the current 2.92% yield and a 5.9% annual dividend growth rate with all dividends reinvested.

Year	Portfolio Value	Annual Income	Total Return
Year 1	$10,292	$318	+3%
Year 5	$11,753	$456	+18%
Year 10	$14,552	$752	+46%
Year 15	$19,297	$1,326	+93%
Year 20	$27,992	$2,557	+180%

Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.