Trailing Dividend / Share
$2.67
CVS Health Corporation (CVS) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.3%
Payout Ratio
1.9%
Sustainable
Dividend Streak
0 years
3-Second Income Check
Safety
1.9% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 3.8% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield3.3%
Trailing DPS$2.67
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout1.9%
Earnings SafetySustainable
FCF Payout43.5%
FCF SafetyWell Covered
Piotroski F-Score5/9
Growth
Growth Streak0 years
3Y CAGR6.5%
5Y CAGR5.9%
Yield on Cost (5Y)3.8%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield3.3%
1Y Total Return25.6%
5Y Total Return32.8%
Div Contribution (5Y)17.5%
Estimated $10K growth (return + dividends):
5Y ago$13,28010Y ago$10,47420Y ago$38,127
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). CVS's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
CVS Health Corporation distributes 1.9% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 43.5%, rated "Well Covered".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
CVS does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 6.5% and 5-year CAGR of 5.9%.
Total Shareholder Returns
Beyond cash dividends, CVS returns capital through share repurchases. The combined picture: 3.3% dividend yield, 3.3% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.8% and is currently rising. The 5-year total return is 32.8%, with dividends contributing 17.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $10,474 today.
Recent Dividend Payments
Last 20 payments · Annual
TTM Total$12.11
Avg/Payment$0.6053
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jan 22, 2026Latest | $0.6650 | — | 3.22% | Feb 2, 2026 |
| Oct 23, 2025 | $0.6650 | — | 3.28% | Nov 3, 2025 |
| Jul 22, 2025 | $0.6650 | — | 4.35% | Aug 1, 2025 |
| Apr 22, 2025 | $0.6650 | — | 4.06% | May 1, 2025 |
| Jan 23, 2025 | $0.6650 | — | 4.94% | Feb 3, 2025 |
| Oct 21, 2024 | $0.6650 | — | 4.57% | Nov 1, 2024 |
| Jul 22, 2024 | $0.6650 | — | 4.46% | Aug 1, 2024 |
| Apr 19, 2024 | $0.6650 | — | 3.64% | May 1, 2024 |
Dividend Peer Comparison
Peer group: Vertically Integrated Payer-PBM Platforms
#2 yield in peer group
Div Yield
3.3%
#2 of 3
Safety
Sustainable
1.9% payout
Streak
0Y
5.9% 5Y CAGR
Total Shareholder
3.3%
#3 of 3
Annual Dividend History
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.67 | — | 1 | — | — | — | 1.0% |
| 2025 | $2.66 | 0.0% | 4 | $1.39 | 191.4% | 0.52x | 3.8% |
| 2024 | $2.66 | 9.9% | 4 | $3.66 | 72.7% | 1.38x | 3.8% |
| 2023 | $2.42 | 10.0% | 4 | $6.47 | 37.4% | 2.67x | 3.5% |
| 2022 | $2.20 | 10.0% | 4 | $3.26 | 67.5% | 1.48x | 3.1% |
| 2021 | $2.00 | 0.0% | 4 | $5.95 | 33.6% | 2.98x | 2.9% |
| 2020 | $2.00 | 0.0% | 4 | $5.46 | 36.6% | 2.73x | 2.9% |
| 2019 | $2.00 | 0.0% | 4 | $5.08 | 39.4% | 2.54x | 2.9% |
| 2018 | $2.00 | 0.0% | 4 | $-0.57 | — | — | 2.9% |
| 2017 | $2.00 | 17.6% | 4 | $6.44 | 31.1% | 3.22x | 2.9% |
See CVS's True Return
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Start ComparisonFrequently Asked Questions
How much dividend does CVS pay per share?
CVS Health Corporation (CVS) pays a trailing 12-month dividend of $2.67 per share, with a current dividend yield of +3.3%. Payments are made Annual.
When is CVS's next ex-dividend date?
CVS's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CVS typically pays dividends Annual.
Is CVS's dividend safe?
CVS's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.9% and FCF payout ratio of +43.5%. The dividend history does not yet show a prolonged growth streak.
How many years has CVS increased its dividend?
CVS has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +5.9%.
How often does CVS pay dividends?
CVS Health Corporation pays dividends Annual. The trailing 12-month total is $2.67 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in CVS grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CVS five years ago would be worth approximately $13,280 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CVS's yield on cost for long-term holders?
CVS's yield on cost — the current dividend divided by the original purchase price — is +3.8% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.3% market yield, thanks to consistent dividend growth.