CVS announces a 10% dividend hike
$CVS Health(CVS)$ CVS announces a 10% dividend hike
Dividend increases from $0.605 to $0.665 / quarter
Dividend increases (since restarting increases)
FY22 +10% (to $0.55 /Q)
FY23 +10% (to $0.605 /Q)
FY24 +~10% (to $0.665 /Q)
CVS targeting 30% payout ratio
From Investor day 2023:
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CVS Investor day 2023
2024-2026 Cash flow picture
IMO this looks disappointing (Cash flow not growing)
Total dividends at $3.4 B in 2024,
with FCF at $7+ B (see picture),
payout as % of FCF would be close to 50%
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https://twitter.com/DividendWave/status/1732023892800073793
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