Wall Street's best-performing analysts like Home Depot and Johnson & Johnson.
is worth keeping an eye on right now. It coughs up a quarterly dividend of $0.50, with a generous 3.48% dividend yield. And while it hasn't increased its dividend recently, CVS does have a relatively low P/E ratio of 9.06%.
Shares are currently down 22% YTD, and Hie sees this as an attractive opportunity, arguing that the market is undervaluing the growth that should become more evident in the coming years.reiterated his buy rating post-print, explaining: "Sticking with the guidance should be enough for the stock at a time when the company is also dedicating extra resources to manage the COVID-19 pandemic.
As of 1Q20, the company has ~$16.5 billion of total pro forma gross assets with general acute care hospitals accounting for 84.6% of revenue. It pays out a quarterly dividend of $0.27, on a high 5.93% yield, with 5 consecutive years of dividend growth. Indeed, the company has held up well during the pandemic, and expects to collect 98% of contractual rent in 2020 with 2% collected at a later date with interest. This stability has helped the company maintain its superior cost of capital, allowing management to continue to pursue new investments, says Carroll.
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