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
CVS Dividend 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.
CVS Dividend Scorecard
Yield & Income
Dividend Yield3.3%
Trailing DPS$2.67
FrequencySemi-Annual
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 Return24.2%
5Y Total Return11.9%
Div Contribution (5Y)14.8%
Estimated $10K growth (return + dividends):
5Y ago$11,19510Y ago$9,77720Y ago$35,345
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.
CVS Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
CVS 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 11.9%, with dividends contributing 14.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $9,777 today.
CVS Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$12.27
Avg/Payment$0.6135
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Apr 23, 2026Latest | $0.6650 | — | 3.37% | May 4, 2026 |
| Jan 22, 2026 | $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 |
CVS Dividend vs Peers
Comparable companies in the same industry
#2 yield in peer group
Div Yield
3.3%
#2 of 9
Safety
Sustainable
1.9% payout
Streak
0Y
5.9% 5Y CAGR
Total Shareholder
3.3%
#6 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd CVSCVS Health Corporati… | $102.6B | 3.3% | 1.9% | 0 | Sustainable |
3rd  UNHUnitedHealth Group I… | $330.3B | 2.4% | 65.7% | 25 | Watch |
 CICigna Corporation | $72.7B | 2.2% | 27.0% | 6 | Sustainable |
 ELVElevance Health Inc. | $80.1B | 1.9% | 27.0% | 15 | Sustainable |
 HUMHumana Inc. | $28.8B | 1.5% | 36.2% | 0 | Sustainable |
 MCKMcKesson Corporation | $98.1B | 0.3% | 10.5% | 17 | Sustainable |
 CAHCardinal Health, Inc… | $46.4B | 1.0% | 31.6% | 20 | Sustainable |
 LLYEli Lilly and Compan… | $933.7B | 0.6% | 26.1% | 11 | Sustainable |
1st  PFEPfizer Inc. | $150.4B | 6.5% | 1.3% | 15 | Sustainable |
CVS Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.33 | — | 2 | — | — | — | 1.9% |
| 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% |
Full CVS Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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Price is only half the story. See total return with reinvested dividends.
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Start ComparisonCVS — Frequently Asked Questions
Quick answers to the most common questions about buying CVS stock.
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 Semi-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 Semi-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 Semi-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 $11,195 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.