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Overview
There's something magical about collecting a dividend from business that I recently visit. For most of my life, I've lived within walking distance from my local CVS Health Corp (NYSE:CVS) and now I get a
CVS Health: Downside Movement Is Overdramatic
Summary
- CVS Health Corp's share price has fallen, presenting an attractive entry opportunity with a current dividend yield of 4.8%.
- The risk profile includes slashed guidance and increased costs, but these issues are not unique to CVS and may be temporary.
- CVS has shown consistent dividend growth over time and has a potential upside of 28.5% based on average Wall St. price targets.
- When interest rates start to come down, we will likely see CVS's price start to recovery alongside the healthcare sector.
Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I create a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CVS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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