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Data last updated: Sep 17, 2026
Snapshot (as of Sep 17, 2026): HCA Healthcare, Inc. (HCA) pays a $3.06 annual dividend ($0.78 quarterly), yielding 0.71% at $430.43/share. Next ex-dividend date 2026-09-16. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.71%
Annual Dividend: $3.06 per share
Payout Ratio: 10.0%
Ex-Dividend Date: 2026-09-16
Dividend Frequency: quarterly
Sector: Healthcare
Years of Dividend History: 10
HCA Healthcare, Inc. dividend reflects a business built around one of the largest hospital networks in the United States, spanning 182 hospitals and hundreds of outpatient facilities across 20 states. The current yield sits at 0.71%, with a trailing annual dividend rate of $3.06 per share paid quarterly. The next ex-dividend date is September 16, 2026, with the most recent quarterly payment at $0.78 per share. At a beta of 1.109, HCA stock carries slightly above-market volatility, making it a better fit for investors focused on dividend growth than on current income.
HCA Healthcare, Inc. pays out 10.0% of earnings as dividends, a payout ratio classified as conservative (below 40%). That level of retention means the company keeps the vast majority of earnings available for reinvestment across its network of hospitals, surgery centers, and outpatient facilities, leaving substantial room to sustain the current payment. HCA Healthcare, Inc. dividend safety benefits from this low payout floor, though the healthcare sector carries exposure to regulatory and reimbursement pressures that the payout ratio alone cannot offset.
HCA Healthcare, Inc. dividend history shows a CAGR of 10.3% per year from 2019 to 2025. The per-share dividend grew from $1.60 to $2.88 over that period (2026 is a partial year and excluded from the growth calculation). The smallest annual increase in the window was 7.1% in 2023, and the largest was 20.0% in 2021. Even at the low end, 7.1% annual growth meaningfully outpaces inflation, which matters for income investors trying to preserve purchasing power over time.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +8.7% | $2.24 (2022) | $2.88 (2025) |
| 5-Year | +46.3% | $0.43 (2020) | $2.88 (2025) |
HCA Healthcare, Inc. fits growth-and-income investors who want dividend expansion rather than a high starting yield. The yield is low (below 2%), currently at 0.71%, which is above the 5-year average of 0.56% but still modest in absolute terms. What HCA offers instead is a 10.3% annualized growth rate over six years, backed by a 10.0% payout ratio that leaves ample room for continued increases. The trade-off is straightforward: an investor accepts a thin income stream today in exchange for a dividend that has grown at a double-digit pace. That profile suits a long-horizon investor more than one seeking immediate cash flow from their portfolio.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-16 | $0.7800 |
| 2026-06-16 | $0.7800 |
| 2026-03-17 | $0.7800 |
| 2025-12-15 | $0.7200 |
| 2025-09-16 | $0.7200 |
| 2025-06-16 | $0.7200 |
| 2025-03-17 | $0.7200 |
| 2024-12-13 | $0.6600 |
| 2024-09-16 | $0.6600 |
| 2024-06-14 | $0.6600 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.3400 |
| 2025 | $2.8800 |
| 2024 | $2.6400 |
| 2023 | $2.4000 |
| 2022 | $2.2400 |
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