CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

CVS Health (CVS) up 3% on new corporate initiatives

By Joyanta Acharjee

13:36, 9 December 2021

A CVS pharmacy store
CVS will increase its yearly dividend – Photo: Shutterstock

CVS Health stock rose on Thursday as the US drug store chain increased its full-year earnings guidance alongside increases to a stock buy-back programme and dividend.

In pre-market trading on the New York Stock Exchange, the stock was up 3% at $96.

CVS said it now expects 2021 adjusted earnings per share (EPS) of at least $8.00 compared with prior guidance of $7.90 to $8.00. The company expects revenue of at least $290.3bn, up from prior its guidance of $286.5bn to $290.3bn.

2022 guidance

For 2022, CVS said it expects total revenues in the $304bn to $309bn range and adjusted EPS of $8.10 to $8.30 per share.

The company said it will also increase its yearly dividend by 10% to $2.20 from $2.00 effective 1 February 2022. It also has authorised a $10bn (£7.57bn) share repurchase programme for the first time since 2017.


38,321.35 Price
+0.820% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


0.62 Price
+0.710% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


16,043.70 Price
+0.220% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

Oil - Crude

76.77 Price
+0.230% 1D Chg, %
Long position overnight fee -0.0187%
Short position overnight fee -0.0032%
Overnight fee time 22:00 (UTC)
Spread 0.030

“We have a strategic financial approach that will focus on a combination of foundational business growth, new sources of incremental value and strategic capital deployment in order to reach our long-term growth targets and drive shareholder returns,” CVS CFO Shawn Guertin said in a press release.

What is your sentiment on CVS?

Vote to see Traders sentiment!

Healthcare strategy

CVS Health also presented its strategy to make healthcare “more convenient, personalised and affordable,” which includes advancing care delivery capabilities, starting new all-payer health products and services, enhancing omnichannel health services and driving a digital-first approach to expand its reach.

By leaning into our high-growth foundational businesses and expanding our reach in areas like health services and primary care, we have an opportunity to shift care to be more centered around the consumer while capturing a meaningfully greater portion of health care spend," CVS CEO Karen Lynch said.

Read more: Best healthcare stocks to invest in: top 5 picks

Markets in this article

69.37 USD
0.57 +0.830%

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading