CVS Health Corporation (NYSE:CVS) Board Declares Quarterly Dividend

CVS Health Corporation (NYSE:CVS) declared quarterly dividend of $ 0.50 per share, or $ 2.00 annualized.

The dividend will be payable on August 3, 2020, to stockholders of record on July 23, 2020, with an ex-dividend date of July 22, 2020.

Dividends History
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Recent Earnings Announcement

CVS Health Corporation recorded income for the first quarter of $ 1.91 per share, from the revenue of $ 66,755.00 million. The quarterly earnings grew 17.90 percent while revenues boosted 8.29 percent compared with the same quarter last year. The consensus estimates are income of $ 1.63 per share from $ 64058.90 million in revenue. The bottom line results beat street analysts by $ 0.28 or 17.18 percent, at the same time, top line results topped analysts by $ 2,696.10 million or 4.21 percent.

Stock Performance

According to the previous trading day, closing price of CVS was $ 63.92, representing a 22.83 % increase from the 52 week low of $ 52.04 and a 17.02 % decrease over the 52 week high of $ 77.03.

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The company has a market capital of $ 82.02 billion and is part of the Healthcare sector and Health Care Plans industry.

CVS Health Corporation provides health services and plans in the United States. Its Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, Medicare Part D, clinical, disease management, and medical spend management services. The companys Retail/LTC segment sells prescription drugs and general merchandise, such as over-the-counter drugs, beauty products, cosmetics, and personal care products, as well as provides health care services through its MinuteClinic walk-in medical clinics.

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