CVS Health stock plunged 30% YTD, nearing 52-week lows, amid Q1 earnings disappointment, offering a high 4.8% dividend yield.
CVS Health stock has plunged ~30% YTD, dropping near 52-week lows and 2020 levels, amidst investor disappointment with Q1 earnings. The stock now offers a 4.8% dividend yield, considerably higher than normal. Despite the decline, there's a question whether the sell-off is warranted or an overreaction, potentially making it a bargain buy. CVS reported $88.4m in Q1 revenue, a 4% YoY increase.
May 11, 2024
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