2024-01-26 09:03:26 ET
Summary
- Elevance Health rewarded shareholders with a 10.1% hike in its quarterly dividend per share.
- The managed care company's operating revenue and adjusted diluted EPS climbed in the fourth quarter.
- Elevance Health enjoys an A credit rating from S&P on a stable outlook.
- Shares of the stock could be trading at an 8% discount to fair value.
- Elevance Health could meaningfully outperform the S&P 500 over the next 10 years.
Sizable dividend hikes can be telling about a company's overall tone toward its future and how much a company values its shareholders. All else equal, big dividend boosts convey a sense of optimism on the part of management and a commitment to rewarding shareholders....
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Elevance Health: Time To Buy This Incredible Dividend Growth Stock