How To Earn $500 A Month From CVS Health Stock
Portfolio Pulse from Avi Kapoor
CVS Health Corporation (NYSE: CVS) shares closed slightly higher on Wednesday. JPMorgan analyst Lisa Gill maintained an Overweight rating but lowered the price target from $101 to $86. Baird analyst Michael Ha initiated coverage with a Neutral rating and a price target of $61. CVS Health reported Q1 sales of $88.4 billion, missing the consensus of $89.21 billion, and lowered its 2024 adjusted EPS guidance. The company has a dividend yield of 4.38%, translating to a quarterly dividend of 66.5 cents per share. To earn $500 monthly from CVS dividends, an investor would need approximately 2,256 shares, worth around $136,939.

June 06, 2024 | 12:42 pm
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CVS Health shares closed slightly higher. Analysts have mixed ratings with price targets lowered. Q1 sales missed estimates, and 2024 EPS guidance was reduced. Dividend yield stands at 4.38%.
The mixed analyst ratings and lowered price targets may create uncertainty among investors. The missed Q1 sales and reduced EPS guidance could be seen as negative, but the stable dividend yield might provide some support to the stock price.
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