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CVS Health’s (CVS) Payout Strength Compared to Other October Dividend Stocks

CVS Health Corporation (NYSE:CVS) is included among the Best High Yield Stocks to Buy in October.

CVS Health Corporation (NYSE:CVS) is much more than a pharmacy chain. Besides dispensing medications, it offers healthcare services such as lab work, health screenings, vaccinations, and treatment for minor injuries at its in-store clinics. The business has a workforce of more than 40,000 healthcare practitioners, including physicians, pharmacists, nurses, and nurse practitioners, to provide these services.

CVS Health Corporation (NYSE:CVS) owns Aetna, a health insurer, having acquired it in 2018. Aetna is the fifth largest health insurer in the U.S. with coverage for 36 million people.

CVS Health Corporation (NYSE:CVS) commands about 27% of the nationwide prescription volume in the pharmacy line of business. In recent years, it has focused on growing its value-based healthcare model, with the acquisitions of Signify Health and Oak Street Health serving as examples. These additions enhance its primary care and home-based care solutions capabilities, in pursuit of offering more customized services, lowering healthcare costs, and staying competitive in the face of evolving industry wind conditions.

CVS Health Corporation (NYSE:CVS) has been paying dividends consistently to its shareholders since 1997. The company currently offers a quarterly dividend of $0.665 per share, and as of 27 September, the stock has a 3.51% dividend yield.

While we acknowledge the potential of CVS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVS and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Cash-Rich Dividend Stocks to Buy Right Now and 10 Best Recession-Proof Dividend Stocks to Buy.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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