2 Notable large caps announce dividends

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CVS Health Corporation (NYSE: CVS) and PNC Financial Services Group Inc. (NYSE: PNC) announced on January 2, 2020 that they would distribute dividends. These large caps have been paying dividends for decades.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "CVS Health"data-reactid =" 12 ">CVS Health

CVS Health shares fell 0.17% to $ 74.16 per share at the close on Thursday. The company announced a quarterly dividend of 50 cents per common share, in line with the previous payment.

The healthcare provider and pharmaceutical retailer, based in Woonsocket, Rhode Island, will pay its shareholders the quarterly dividend on February 3. To benefit from this, investors must be registered in the company register by January 23 at the latest. The ex-dividend day is scheduled for January 22nd

Based on the closing price on Thursday, the payment generates a trailing dividend yield of 2.7% for 12 months and a forward dividend yield of 2.69%.

CVS Health has continuously paid dividends since February 1, 1986, increasing them by 5.6% in the past three years, by 12.7% in the past five years and by 20.7% in the past 10 years.

The company will continue to pay the quarterly dividend of $ 7.53 billion in cash as of September 30, 2019. Twelve-month operations are currently generating approximately $ 12.5 to $ 13 billion in cash.

GuruFocus rated the company's financial strength as 4 out of 10 and profitability as 8 out of 10.

The dividend has been a key catalyst for CVS Health's share price as the stock has risen nearly 125% over the past decade to a level that is overvalued according to the Peter Lynch chart.

The stock has a market capitalization of $ 96.48 billion, a price-earnings ratio of 21.94, a price-book ratio of 1.54 and a price-to-sales ratio of 0.38.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Vanguard Group Inc. is the company's largest fund holder, with 7.95% of the outstanding shares, followed by State Street Corp. with 4.66% and Wellington Management Group LLP with 3.11%. "data-reactid =" 43 "> Vanguard Group Inc. is the company's largest fund holder with 7.95% of the outstanding shares, followed by State Street Corp. with 4.66% and Wellington Management Group LLP with 3.11%.

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Shares in PNC Financial Services Group Inc. (NYSE: PNC) rose 0.46% on Thursday to $ 160.37 per share after the company announced a quarterly dividend of $ 1.15 per common share, reflecting the previous payment equivalent.

The diversified financial services company, based in Pittsburgh, Pennsylvania, will pay the quarterly dividend on February 5 to registered shareholders from January 17. The ex-dividend day is scheduled for January 16.

Based on the closing price on Thursday, the quarterly dividend generates a trailing dividend yield of 2.7% for 12 months and a forward dividend yield of 2.69%.

PNC Financial has distributed dividends since February 1, 1986. The company has increased the dividend last year by 31.3%, in the past three years by 25.6%, in the past five years by 17.4% and last year by 15.9%.

PNC Financial will rely on cash of $ 11.84 billion as of September 30, 2019 to pay the quarterly dividend. The company generates a cash flow of approximately USD 6.5 to 7 billion from its annual business activities.

GuruFocus gave the company a financial strength rating of 3 out of 10 and a profitability rating of 4 out of 10.

The quarterly dividend payment has contributed to the stock price rising almost 200% in the past 10 years. According to the Peter Lynch chart, the stock is a fair price

The stock has a market capitalization of $ 70.27 billion, a price-earnings ratio of 14.35, a price-book ratio of 1.41 and a price-to-sales ratio of 4.14.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "With 7.63% of the outstanding shares, Vanguard Group Inc. is the largest institutional owner of the company, followed by Wellington Management Group LLP with 5.56% and Capital World investors with 5.43%. "data-reactid =" 69 "> With 7.63% of the outstanding shares, Vanguard Group Inc. is the company's largest institutional shareholder, followed by Wellington Management Group LLP with 5.56% and Capital World Investors with 5.43%.

Disclosure: I have no positions in the above securities.

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