5 Healthcare Stocks with Highest Dividends

3. CVS Health Corporation (NYSE:CVS)

Dividend Yield as of April 15: 3.55%

On April 15, Baird raised its price recommendation on CVS Health Corporation (NYSE:CVS) to $94 from $92. It reiterated an Outperform rating on the shares. The firm updated its model as it became more constructive on the stock.

During the Q4 2025 earnings call, CEO David Joyner said 2025 had been a meaningful year of progress for CVS Health. He pointed to the company’s ongoing effort to simplify healthcare while improving affordability and access. He referred to fourth-quarter results, noting adjusted operating income of $2.6 billion and adjusted EPS of $1.09. He also reiterated the company’s full-year 2026 adjusted EPS guidance, which remains in the range of $7 to $7.20.For the full year, Joyner reported adjusted EPS of $6.75 and operating cash flow of $10.6B. Both came in ahead of the company’s initial expectations.

Within the Aetna segment, he said adjusted operating income improved by more than $2.6 billion year over year. He added that the company refreshed its leadership team, worked on improving its culture, and strengthened key differentiators, including capabilities supporting its leading Stars position among national payers.

CVS Health Corporation (NYSE:CVS) operates as a health solutions company. Its segments include Health Care Benefits, Health Services, Pharmacy & Consumer Wellness, and Corporate/Other. The Health Care Benefits segment provides a range of traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental, and behavioral health plans, PDPs, and Medicaid health care management services.