Dividend yield: 2.41%
Among the top 10 U.S. retailers by revenue, CVS Health is an integrated pharmacy health care company. The company combines “the largest pharmacy benefit manager, processing about 2 billion adjusted claims annually, and a sizable pharmacy operation, including nearly 10,000 retail pharmacy locations” primarily in the United States.
CVS Health released first-quarter results in early May. For Q1, total revenue increased to $69.1 billion, up 3.5% compared to the prior-year period. Net income surged more than 10% year-over-year (YOY) to $2.2 billion. Finally, adjusted earnings per share (EPS) was $2.04 up 6.8% YOY while cash flow stood at $2.9 billion. On the results, CEO Karen Lynch said the following:
VALLEY FORGE, Pa., June 1, 2021 /PRNewswire/ Vanguard today announced plans to change the target benchmarks for two dividend-focused index funds in the third quarter of this year. Vanguard.