CVS Health announces quarterly dividend

Rhea-AI Summary

CVS Health has declared a quarterly dividend of $0.605 per share, effective for shareholders on record as of April 21, 2023. The payment will be made on May 1, 2023. This decision reflects the company's commitment to returning value to its shareholders while supporting its strategy in health solutions across America. CVS continues to enhance access and lower healthcare costs through its extensive network and dedicated workforce, which includes over 40,000 healthcare professionals.

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Positive

• Quarterly dividend of $0.605 per share approved.
• Dividend payment reflects commitment to shareholder returns.
• Strong operational presence with over 300,000 dedicated employees.

Negative

• None.

News Market Reaction – CVS

+0.57%

+0.57% News Effect

On the day this news was published, CVS gained 0.57%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WOONSOCKET, R.I., March 16, 2023 /PRNewswire/ -- CVS Health (NYSE: CVS) has announced that its board of directors has approved a quarterly dividend of sixty and a half cents ($0.605 cents) per share on the Common Stock of the Corporation. The dividend is payable on May 1, 2023, to holders of record on April 21, 2023.

About CVS Health
CVS Health^® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.

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SOURCE CVS Health Corporation

FAQ

What is the CVS dividend amount for Q2 2023?

CVS has declared a dividend of $0.605 per share for Q2 2023.

When will CVS pay its dividend?

The dividend will be paid on May 1, 2023.

What is the record date for CVS dividend?

The record date for the CVS dividend is April 21, 2023.

How often does CVS pay dividends?

CVS typically pays dividends quarterly.

Is the CVS dividend sustainable?

The sustainability of the CVS dividend is tied to the company's ongoing financial performance and commitment to returning value to shareholders.