CVS Health (CVS) Dividend History & Yield
CVS Health (CVS) has increased its dividend for multiple years and currently yields 2.85%. The most recent dividend was $0.6650/share on May 4, 2026, paid Quarterly.
CVS
Current Yield
2.85%
TTM Dividend/Share
$2.66
Payment Frequency
Quarterly
Payout Ratio
117.2%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
0.00%
Div Growth (5Y CAGR)
5.87%
Div Growth (10Y CAGR)
6.63%
CVS: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
8.7%
FCF payout ratio
11.5%
Net debt / EBITDA
6.2x
Interest coverage
1.92x
ROIC (TTM)
3.5%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 117.2%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($6.16) covers dividend/share ($2.66).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 11.5%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 6.2x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.9%) exceeds EPS growth (1.9%) — payout ratio expanding.
Per-payment dividend history
Ex-date Apr 23, 2026
- Payment date
- May 4, 2026
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Jan 22, 2026
- Payment date
- Feb 2, 2026
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Oct 23, 2025
- Payment date
- Nov 3, 2025
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Jul 22, 2025
- Payment date
- Aug 1, 2025
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Apr 22, 2025
- Payment date
- May 1, 2025
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Jan 23, 2025
- Payment date
- Feb 3, 2025
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Oct 21, 2024
- Payment date
- Nov 1, 2024
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Jul 22, 2024
- Payment date
- Aug 1, 2024
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Apr 19, 2024
- Payment date
- May 1, 2024
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Jan 19, 2024
- Payment date
- Feb 1, 2024
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Oct 19, 2023
- Payment date
- Nov 1, 2023
- Dividend
- $0.6050
- Adj. dividend
- $0.6050
Ex-date Jul 20, 2023
- Payment date
- Aug 1, 2023
- Dividend
- $0.6050
- Adj. dividend
- $0.6050
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Apr 23, 2026 | May 4, 2026 | $0.6650 | $0.6650 |
| Jan 22, 2026 | Feb 2, 2026 | $0.6650 | $0.6650 |
| Oct 23, 2025 | Nov 3, 2025 | $0.6650 | $0.6650 |
| Jul 22, 2025 | Aug 1, 2025 | $0.6650 | $0.6650 |
| Apr 22, 2025 | May 1, 2025 | $0.6650 | $0.6650 |
| Jan 23, 2025 | Feb 3, 2025 | $0.6650 | $0.6650 |
| Oct 21, 2024 | Nov 1, 2024 | $0.6650 | $0.6650 |
| Jul 22, 2024 | Aug 1, 2024 | $0.6650 | $0.6650 |
| Apr 19, 2024 | May 1, 2024 | $0.6650 | $0.6650 |
| Jan 19, 2024 | Feb 1, 2024 | $0.6650 | $0.6650 |
| Oct 19, 2023 | Nov 1, 2023 | $0.6050 | $0.6050 |
| Jul 20, 2023 | Aug 1, 2023 | $0.6050 | $0.6050 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 28 year-over-year increases across 41 calendar years of data (1985–2025).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.6600 | — | — |
| 2025 | $2.6600 | $2.6600 | 0.0% |
| 2024 | $2.4200 | $2.6600 | +9.9% |
| 2023 | $2.2000 | $2.4200 | +10.0% |
| 2022 | $2.0000 | $2.2000 | +10.0% |
| 2021 | $2.0000 | $2.0000 | 0.0% |
| 2020 | $2.0000 | $2.0000 | 0.0% |
| 2019 | $2.0000 | $2.0000 | 0.0% |
| 2018 | $2.0000 | $2.0000 | 0.0% |
| 2017 | $1.7000 | $2.0000 | +17.6% |
| 2016 | $1.4000 | $1.7000 | +21.4% |
| 2015 | $1.1000 | $1.4000 | +27.3% |
| 2014 | $0.9000 | $1.1000 | +22.2% |
| 2013 | $0.6500 | $0.9000 | +38.5% |
| 2012 | $0.5000 | $0.6500 | +30.0% |
| 2011 | $0.3500 | $0.5000 | +42.9% |
| 2010 | $0.3050 | $0.3500 | +14.8% |
| 2009 | $0.2580 | $0.3050 | +18.2% |
| 2008 | $0.2288 | $0.2580 | +12.8% |
| 2007 | $0.1550 | $0.2288 | +47.6% |
| 2006 | $0.1455 | $0.1550 | +6.5% |
| 2005 | $0.1338 | $0.1455 | +8.8% |
| 2004 | $0.1150 | $0.1338 | +16.3% |
| 2003 | $0.1150 | $0.1150 | 0.0% |
| 2002 | $0.1150 | $0.1150 | 0.0% |
| 2001 | $0.1150 | $0.1150 | 0.0% |
| 2000 | $0.1150 | $0.1150 | 0.0% |
| 1999 | $0.1124 | $0.1150 | +2.4% |
| 1998 | $0.0485 | $0.1124 | +131.6% |
| 1997 | $1.5575 | $0.0485 | -96.9% |
| 1996 | $0.3800 | $1.5575 | +309.9% |
| 1995 | $0.3800 | $0.3800 | 0.0% |
| 1994 | $0.3800 | $0.3800 | 0.0% |
| 1993 | $0.3700 | $0.3800 | +2.7% |
| 1992 | $0.3600 | $0.3700 | +2.8% |
| 1991 | $0.3550 | $0.3600 | +1.4% |
| 1990 | $0.3250 | $0.3550 | +9.2% |
| 1989 | $0.2625 | $0.3250 | +23.8% |
| 1988 | $0.2200 | $0.2625 | +19.3% |
| 1987 | $0.1950 | $0.2200 | +12.8% |
| 1986 | $0.1800 | $0.1950 | +8.3% |
| 1985 | — | $0.1800 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for CVS Health (CVS) from the consolidated cash flow statement, in USD as filed.
Latest period
$3.40B
YoY change
+0.7%
5Y CAGR
+5.3%
Peak year (2025)
$3.40B
Latest annual
$3.40B
Cash dividends paid over time for CVS Health (CVS)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for CVS Health (CVS)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $3.40B | +0.7% | +$24.00M | ||
| 2024 | $3.37B | +7.7% | +$241.00M | ||
| 2023 | $3.13B | +7.7% | +$225.00M | ||
| 2022 | $2.91B | +10.7% | +$282.00M | ||
| 2021 | $2.63B | +0.0% | +$1.00M | ||
| 2020 | $2.62B | +0.8% | +$21.00M | ||
| 2019 | $2.60B | +27.7% | +$565.00M | ||
| 2018 | $2.04B | -0.5% | -$11.00M | ||
| 2017 | $2.05B | +11.4% | +$209.00M | ||
| 2016 | $1.84B | +16.8% | +$264.00M | ||
| 2015 | $1.58B | +22.4% | +$288.00M | ||
| 2014 | $1.29B | +17.4% | +$191.00M | ||
| 2013 | $1.10B | +32.3% | +$268.00M | ||
| 2012 | $829.00M | +23.0% | +$155.00M | ||
| 2011 | $674.00M | +40.7% | +$195.00M | ||
| 2010 | $479.00M | — | +$479.00M | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | $0 | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | $0 | ||
| 1990 | $0 | — | $0 | ||
| 1989 | $0 | — | — |
CVS Health (CVS) most recent annual dividends paid stands at $3.40B (2025) – edged up 0.7% year-over-year.
CVS Health dividends paid has grown for 7 consecutive years, with a +5.3% compound annual growth rate over 2020–2025 (5 years).
The dataset's maximum dividends paid sits at $3.40B (2025); the minimum reading of $0 dates to 1989.
Within Healthcare, CVS Health (CVS) ranks 9th among 8 peers we track. The peer median for dividends paid is $8.05B.
CVS Health Dividends Paid 2025: $3.40B
CVS Health dividends paid in 2025 was $3.40B, edged up 0.7% from 2024. This figure represents the highest annual value in the available history.
CVS Health Dividends Paid 2024: $3.37B
CVS Health dividends paid in 2024 was $3.37B, grew 7.7% from 2023.
CVS Health Dividends Paid 2023: $3.13B
CVS Health dividends paid in 2023 was $3.13B, grew 7.7% from 2022.
CVS Health Dividends Paid 2022: $2.91B
CVS Health dividends paid in 2022 was $2.91B, grew 10.7% from 2021.
CVS Health Dividends Paid 2021: $2.63B
CVS Health dividends paid in 2021 was $2.63B.
See more financial history for CVS Health (CVS).
Sector peers by dividends paid
Companies in the same sector as CVS Health, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Novo Nordisk (NVO) | $51.76B | Healthcare |
| Johnson & Johnson (JNJ) | $12.38B | Healthcare |
| AbbVie (ABBV) | $11.66B | Healthcare |
| Merck & Co. (MRK) | $8.18B | Healthcare |
| UnitedHealth Group (UNH) | $7.92B | Healthcare |
| Eli Lilly (LLY) | $5.38B | Healthcare |
| Amgen (AMGN) | $5.12B | Healthcare |
| AstraZeneca (AZN) | $5.08B | Healthcare |
Frequently asked questions
Does CVS Health pay dividends?
Yes, CVS Health (CVS) pays quarterly dividends of approximately $2.66 per share annually, yielding 2.85%.
What is CVS Health's dividend yield?
CVS Health (CVS) has a current dividend yield of 2.85%.
Is CVS Health's dividend safe?
CVS Health (CVS) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has CVS Health increased its dividend?
CVS Health (CVS) has 0 consecutive years of dividend increases.
What is CVS Health's dividend payout ratio?
CVS Health (CVS) has a dividend payout ratio of 117.2%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is CVS Health's dividends paid?
Latest reported dividends paid for CVS Health (CVS) is $3.40B (period ending March 31, 2026).
How has CVS Health dividends paid changed year-over-year?
CVS Health (CVS) dividends paid changed +0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of CVS Health dividends paid?
CVS Health (CVS) dividends paid compound annual growth rate is +5.3% over the most recent 5 years available.
When did CVS Health dividends paid hit its highest annual value?
CVS Health dividends paid reached its highest annual value of $3.40B in 2025.
What was CVS Health dividends paid in 2024?
CVS Health (CVS) dividends paid in 2024 was $3.37B.
What was CVS Health dividends paid in 2025?
CVS Health (CVS) dividends paid in 2025 was $3.40B.
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