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Elevance Health Inc. Dividends

ELV Stock Analysis

Page title

Section title

Dividend Yield
1.35%
Payout Ratio
21.21%
Dividend Amount Per Share
$6.22
Last Ex-Dividend Date
Sep 10, 2024

ELV Dividend Safety

ELV paid out 21.21% of its $6B earnings as dividends over the last 12 months.

Very Safe

  1. Very Unsafe

  2. Unsafe

  3. Somewhat Safe

  4. Safe

  5. Very Safe

Dividend Payout Ratio

ELV's Dividend Payout Ratio of 21.214% is considered safe for the Healthcare sector, indicating that the company retains enough earnings to support business growth.

Interest Rate Coverage

ELV's Interest Coverage Ratio of 25.827 indicates strong financial health with easy coverage of interest expenses.

Income Quality

ELV shows excellent income quality with a ratio of 1.346. This indicates high-quality earnings and low risk of dividend cuts.

ELV Dividend Growth

Elevance Health Inc.(ELV) offers a dividend yield of 1.35% and pays $6.22 in dividends per share. Explore the historical dividend growth of ELV.

Dividend Stability

ELV has maintained stable dividend payments over the past 10 years with no cuts over 5%.

Dividend Growth

ELV's dividend payments have increased by 15.297% annually over the last 5 years.

Earnings Growth

ELV's earnings have shown moderate growth, growing by 4.488% annually over the last 5 years. Moderate growth indicates some stability but also potential uncertainty, suggesting that while dividends can continue, significant increases might be less likely.

ELV Dividend Yield Attractiveness

Elevance Health Inc.(ELV) provides a dividend yield of 1.35%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.

Yield %

ELV

Industry

Peers

Sector

1.35%

1.99%

2.15%

4.11%

Dividend Yield

ELV's dividend yield of 1.35% is considered good compared to the sector average of 4.107%, providing a strong safety margin for investors.

ELV Free Cash Flow and Dividends Paid

This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by Elevance Health Inc.. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.

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