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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Elevance Health Inc. (ELV) pays a $6.86 annual dividend ($1.72 quarterly), yielding 1.68% at $407.50/share. Next ex-dividend date 2026-09-10. 13+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.68%
Annual Dividend: $6.86 per share
Payout Ratio: 30.4%
Ex-Dividend Date: 2026-09-10
Dividend Frequency: quarterly
Sector: Healthcare
Years of Dividend History: 16
Elevance Health Inc. dividend investors are looking at a company that serves approximately 118 million people across medical, pharmaceutical, behavioral health, and digital care solutions. The current yield is 1.68%, with a trailing annual dividend rate of $6.86 per share paid quarterly. The next ex-dividend date is September 10, 2026. ELV's beta of 0.696 points to below-market price swings, which suits investors who want dividend growth without sharp portfolio volatility.
Elevance Health Inc. pays out 30.4% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if earnings face pressure, and ELV's scale serving roughly 118 million individuals across health benefits creates broad demand for its services. Elevance Health Inc. dividend safety faces its most credible test from regulatory and reimbursement changes in the healthcare plans industry, which can compress margins without warning.
Elevance Health Inc. dividend history shows a CAGR of 14.7% per year from 2011 to 2025. The per-share dividend grew from $1.00 to $6.84 over that window (2026 is a partial year and excluded from the CAGR calculation). The smallest annual increase in the window was 3.8% in 2017, so even in the slowest year ELV still raised its payout. Thirteen consecutive years of increases back that pattern with an unbroken streak.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +10.1% | $5.12 (2022) | $6.84 (2025) |
| 5-Year | +12.5% | $3.80 (2020) | $6.84 (2025) |
| 10-Year | +10.6% | $2.50 (2015) | $6.84 (2025) |
ELV fits growth-and-income investors who want a rising dividend stream from a large-scale health benefits business rather than a high starting yield. The current yield is low (below 2%), and at 1.68% it sits above the 5-year average of 1.42%, so the stock is offering slightly more income than its recent norm. The 30.4% payout ratio keeps the dividend well-covered. What an investor gains here is a 14.7% annual dividend growth rate over 14 years and 13 consecutive increases. The trade-off is a yield that will not satisfy investors who need meaningful current income from day one.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-10 | $1.7200 |
| 2026-06-10 | $1.7200 |
| 2026-03-10 | $1.7200 |
| 2025-12-05 | $1.7100 |
| 2025-09-10 | $1.7100 |
| 2025-06-10 | $1.7100 |
| 2025-03-10 | $1.7100 |
| 2024-12-05 | $1.6300 |
| 2024-09-10 | $1.6300 |
| 2024-06-10 | $1.6300 |
| Year | Total Dividends |
|---|---|
| 2026 | $5.1600 |
| 2025 | $6.8400 |
| 2024 | $6.5200 |
| 2023 | $5.9200 |
| 2022 | $5.1200 |
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