CVS Dividend History & Analysis | 3.6% Yield

CVS has a dividend yield of 3.6% and paid 2.66 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.55%
Payout Ratio 37.6%
Growth Rate CAGR 5y 7.39%
Consistency Lifetime 96.5%
Yield on Cost 5y 3.50%
Payout FCF 46.0%
Streak Years 28
Dividend Rating 69.38%
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Health Care Services

Top 4 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
FMS 11,578 M 2.81% 3.93%
CI 79,548 M 2.09% 3.19%
DGX 20,657 M 1.78% 2.75%
LH 20,533 M 1.07% 1.63%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
CON 3,310 M 300.00% 100.0%
CI 79,548 M 30.54% 88.9%
CHE 5,768 M 11.96% 96.1%
LH 20,533 M 15.78% 16.0%
DGX 20,657 M 6.81% 98.5%
CVS Dividend History: Last 50 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-04-23 2026-04-23 2026-05-04 Quarterly 0.665 0% 0.87%
2026-01-22 2026-01-22 2026-02-02 Quarterly 0.665 0% 0.82%
2025-10-23 2025-10-23 2025-11-03 Quarterly 0.665 0% 0.82%
2025-07-22 2025-07-22 2025-08-01 Quarterly 0.665 0% 1.09%
2025-04-22 2025-04-22 2025-05-01 Quarterly 0.665 0% 1.03%
2025-01-23 2025-01-23 2025-02-03 Quarterly 0.665 0% 1.24%
2024-10-21 2024-10-21 2024-11-01 Quarterly 0.665 0% 1.11%
2024-07-22 2024-07-22 2024-08-01 Quarterly 0.665 0% 1.13%
2024-04-19 2024-04-22 2024-05-01 Quarterly 0.665 0% 0.96%
2024-01-19 2024-01-22 2024-02-01 Quarterly 0.665 +9.9% 0.91%
2023-10-19 2023-10-20 2023-11-01 Quarterly 0.605 0% 0.86%
2023-07-20 2023-07-21 2023-08-01 Quarterly 0.605 0% 0.82%
2023-04-20 2023-04-21 2023-05-01 Quarterly 0.605 0% 0.83%
2023-01-19 2023-01-20 2023-02-01 Quarterly 0.605 +10% 0.69%
2022-10-20 2022-10-21 2022-11-01 Quarterly 0.55 0% 0.6%
2022-07-21 2022-07-22 2022-08-01 Quarterly 0.55 0% 0.59%
2022-04-21 2022-04-22 2022-05-02 Quarterly 0.55 0% 0.52%
2022-01-20 2022-01-21 2022-02-01 Quarterly 0.55 +10% 0.54%
2021-10-21 2021-10-22 2021-11-01 Quarterly 0.5 0% 0.58%
2021-07-22 2021-07-23 2021-08-02 Quarterly 0.5 0% 0.6%
2021-04-22 2021-04-23 2021-05-03 Quarterly 0.5 0% N/A
2021-01-21 2021-01-22 2021-02-01 Quarterly 0.5 0% N/A
2020-10-21 2020-10-22 2020-11-02 Quarterly 0.5 0% N/A
2020-07-22 2020-07-23 2020-08-03 Quarterly 0.5 0% N/A
2020-04-22 2020-04-23 2020-05-04 Quarterly 0.5 0% N/A
2020-01-22 2020-01-23 2020-02-03 Quarterly 0.5 0% N/A
2019-10-23 2019-10-24 2019-11-04 Quarterly 0.5 0% N/A
2019-07-24 2019-07-25 2019-08-02 Quarterly 0.5 0% N/A
2019-04-22 2019-04-23 2019-05-03 Quarterly 0.5 0% N/A
2019-01-24 2019-01-25 2019-02-04 Quarterly 0.5 0% N/A
2018-10-23 2018-10-24 2018-11-01 Quarterly 0.5 0% N/A
2018-07-24 2018-07-25 2018-08-01 Quarterly 0.5 0% N/A
2018-04-20 2018-04-23 2018-05-03 Quarterly 0.5 0% N/A
2018-01-23 2018-01-24 2018-02-02 Quarterly 0.5 0% N/A
2017-10-23 2017-10-24 2017-11-03 Quarterly 0.5 0% N/A
2017-07-20 2017-07-24 2017-08-03 Quarterly 0.5 0% N/A
2017-04-19 2017-04-21 2017-05-01 Quarterly 0.5 0% N/A
2017-01-20 2017-01-24 2017-02-02 Quarterly 0.5 +17.6% N/A
2016-10-20 2016-10-24 2016-11-03 Quarterly 0.425 0% N/A
2016-07-19 2016-07-21 2016-08-01 Quarterly 0.425 0% N/A
2016-04-20 2016-04-22 2016-05-02 Quarterly 0.425 0% N/A
2016-01-20 2016-01-22 2016-02-02 Quarterly 0.425 +21.4% N/A
2015-10-20 2015-10-22 2015-11-02 Quarterly 0.35 0% N/A
2015-07-21 2015-07-23 2015-08-03 Quarterly 0.35 0% N/A
2015-04-22 2015-04-24 2015-05-04 Quarterly 0.35 0% N/A
2015-01-20 2015-01-22 2015-02-02 Quarterly 0.35 +27.3% N/A
2014-10-21 2014-10-23 2014-11-03 Quarterly 0.275 0% N/A
2014-07-17 2014-07-21 2014-08-01 Quarterly 0.275 0% N/A
2014-04-17 2014-04-22 2014-05-02 Quarterly 0.275 0% N/A
2014-01-21 2014-01-23 2014-02-03 Quarterly 0.275 0% N/A

CVS Dividend FAQ

CVS Health Corporation is an integrated healthcare provider operating through three primary segments: Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness. The company provides a comprehensive suite of services including health insurance plans, pharmacy benefit management (PBM), and retail pharmacy operations. Historically, CVS transitioned from a traditional drugstore chain to a diversified healthcare entity, notably through its acquisition of Aetna and the expansion of its clinical service offerings.

What is the Dividend Yield of CVS?

As of May 2026, CVS's dividend yield is 3.55%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.66 USD by the current share price of 94.18.

Does CVS pay a dividend?

As of May 2026, CVS paid a dividend of 2.66 USD in the last 12 months. The last dividend was paid on 2026-04-23 and the payout was 0.665 USD.

How often does CVS pay dividends?

CVS pays dividends quarterly. Over the last 12 months, CVS has issued 4 dividend payments. The last dividend payment was made on 2026-04-23.

CVS dividend forecast

Based on historical data, the forecasted dividends per share for CVS for the next payments are between 0.659 (-0.9%) and 0.676 (+1.7%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 2.83%.

Will CVS pay dividends in 2026?

The latest dividend paid per share was 0.665 USD with an Ex-Dividend Date of 2026-04-23. The next Ex-Dividend date for CVS Health (CVS) is currently unknown.

What is the next Ex-Dividend Date for CVS?

The next Ex-Dividend date for CVS Health (CVS) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of CVS?

CVS's average dividend growth rate over the past 5 years is 7.39% per year. Strong growth: CVS's dividend growth is outpacing inflation.

What is the Yield on Cost of CVS?

CVS's 5-Year Yield on Cost is 3.50%. If you bought CVS's shares at 76.09 USD five years ago, your current annual dividend income (2.66 USD per share, trailing 12 months) equals 3.50% of your original purchase price.

What is the Payout Consistency of CVS?

CVS Payout Consistency is 96.5%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: CVS Health has a strong track record of consistent dividend payments over its lifetime.

Does CVS have a good Dividend Yield?

CVS's 3.55% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of CVS?

The Dividend Payout Ratio of CVS is 37.6%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of CVS?

CVS's Overall Dividend Rating is 69.38%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

CVS Outstanding Shares Analysis
The Chart shows the outstanding shares over time per year.

What is the Trend in CVS's Outstanding Shares?

CVS Health's outstanding shares have decreased by approximately 0.48% annually over the past 3 years (Trend Reliability: 36.0%). Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has CVS ever had a Stock Split?

Yes, the last stock split was on Jun 7, 2005 with a ratio of 2:1. This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1985 431,976,000 0%
1986 433,144,000 +0.27%
1987 434,720,000 +0.36%
1988 434,936,000 +0.05%
1989 478,064,500 +9.92%
1990 428,666,700 -10.33%
1991 444,800,000 +3.76%
1992 416,800,000 -6.29%
1993 417,777,800 +0.23%
1994 422,000,000 +1.01%
1995 432,000,000 +2.37%
1996 741,000,000 +71.53%
1997 802,000,000 +8.23%
1998 815,000,000 +1.62%
1999 817,000,000 +0.25%
2000 820,000,000 +0.37%
2001 782,000,000 -4.63%
2002 811,000,000 +3.71%
2003 822,000,000 +1.36%
2004 836,000,000 +1.7%
2005 845,000,000 +1.08%
2006 855,000,000 +1.18%
2007 1,483,000,000 +73.45%
2008 1,450,000,000 -2.23%
2009 1,386,000,000 -4.41%
2010 1,362,000,000 -1.73%
2011 1,299,000,000 -4.63%
2012 1,249,000,000 -3.85%
2013 1,201,000,000 -3.84%
2014 1,128,000,000 -6.08%
2015 1,114,000,000 -1.24%
2016 1,069,000,000 -4.04%
2017 1,018,000,000 -4.77%
2018 1,121,000,000 +10.12%
2019 1,310,000,000 +16.86%
2020 1,317,000,000 +0.53%
2021 1,336,000,000 +1.44%
2022 1,319,000,000 -1.27%
2023 1,293,000,000 -1.97%
2024 1,261,000,000 -2.47%
2025 1,277,000,000 +1.27%
2026 1,279,000,000 +0.16%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-05-19 02:37 UTC