Elevance Health, Inc. (ELV) To Go Ex-Dividend on June 10th

Elevance Health, Inc. (NYSE:ELV) announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Wednesday, June 10th will be given a dividend of 1.72 per share on Thursday, June 25th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, June 10th.

Elevance Health has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Elevance Health has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Elevance Health to earn $29.16 per share next year, which means the company should continue to be able to cover its $6.88 annual dividend with an expected future payout ratio of 23.6%.

Elevance Health Stock Performance

Shares of ELV opened at $415.88 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average price is $354.74 and its 200-day moving average price is $341.84. Elevance Health has a 52 week low of $273.71 and a 52 week high of $416.56. The stock has a market cap of $90.31 billion, a P/E ratio of 17.69, a P/E/G ratio of 2.35 and a beta of 0.67.

Elevance Health (NYSE:ELV) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $12.58 EPS for the quarter, topping analysts’ consensus estimates of $10.74 by $1.84. Elevance Health had a return on equity of 15.58% and a net margin of 2.62%.The firm had revenue of $49.49 billion for the quarter, compared to analysts’ expectations of $48.21 billion. During the same period in the previous year, the firm posted $11.97 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Elevance Health has set its FY 2026 guidance at 19.850- EPS. Equities research analysts anticipate that Elevance Health will post 26.94 earnings per share for the current fiscal year.

Elevance Health Company Profile

Elevance Health, Inc (NYSE: ELV) is a large U.S.-based health benefits company that provides a broad range of health insurance products and related services. Headquartered in Indianapolis, the company rebranded from Anthem, Inc to Elevance Health in 2022 while continuing to operate consumer-facing health plans under established state and national brands. Gail Boudreaux serves as chief executive officer and president, leading the company’s strategic focus on integrated health care and benefit delivery.

Elevance’s core activities include offering medical and specialty health plans for individuals, employers and government programs, including Medicare and Medicaid managed-care products.