LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily takes a closer look at CVS Health Corp. (NYSE: CVS) as the Company's stock will begin trading ex-dividend on October 23, 2017. To capture the dividend payout, investors are required to purchase the stock a day prior (excluding weekend) to the ex-dividend date that is by latest at the end of trading session on October 20, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On September 19, 2017, CVS Health announced that its Board of Directors has approved a quarterly dividend of $0.50 per share on its common stock. The dividend is payable on November 03, 2017, to holders of record on October 24, 2017.

CVS Health's indicated dividend represents a yield of 2.75%, which is substantially above the average dividend yield of 1.92% for the services sector. The Company has raised dividend for nine consecutive years.

Dividend Insights

CVS Health has a dividend payout ratio of 34.00%, which indicates that the Company distributes approximately $0.34 for every $1.00 earned. The dividend payout ratio reflects how much amount a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/ or to add to its cash reserves.

According to analysts' estimates, CVS Health is estimated to report earnings of $6.35 for the next year, which is more than three times the Company's annualized dividend of $2.00 per share.

As of June 30, 2017, CVS Health's cash and cash equivalents totaled $2.09 billion compared to cash of $3.37 billion on December 31, 2016. The Company generated cash flow from operations of $5.53 billion for the six months ended June 30, 2017, compared to $4.09 billion for the year-ago same period and free cash flow of $4.64 billion versus $2.98 billion for the six months ended June 30, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for CVS Health

On October 16, 2017, CVS Health and Epic announced a strategic initiative to help lower drug costs for patients and improve outcomes by providing prescribers with expanded visibility to lower cost alternatives through enhanced analytics and data sharing. CVS Health will use Epic's Healthy Planet population health and analytics platform to generate insights surrounding dispensing patterns and behaviors around medication adherence.

The collaboration will bolster prescription decision-making for patients and their care teams, including physicians, pharmacists, and health insurers. Real-time benefit information and facilitated, point-of-prescribing electronic prior authorization will help improve and simplify patient access to necessary medications and ensure their prescribers are aware of prescription insurance formulary status and less expensive alternatives as appropriate.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways.

Stock Performance

At the close of trading session on Thursday, October 19, 2017, CVS Health's stock price marginally rose 0.72% to end the day at $74.63. A total volume of 8.03 million shares were exchanged during the session, which was above the 3-month average volume of 5.55 million shares. The Company's shares are trading at a PE ratio of 14.87 and have a dividend yield of 2.68%. At Thursday's closing price, the stock's net capitalization stands at $77.10 billion.

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