Quest Diagnostics Dividend yield

Quest Diagnostics is part of Health Care Equip. and Services business, which is part of Health Care industry. Quest Diagnostics is a company from USA, and his stocks are publicly traded.

Quest Diagnostics stock dividend

Quest Diagnostics paid a total dividend of 318 million USD last year, for a market value of 14,728 millions (Market Cap 14,697 millions). Quest Diagnostics dividend per share is 2.84 USD, and his stock market price 131.50 USD.

According to the chart below, where dividend yield is displayed, Quest Diagnostics has a dividend yield of 2.16%, which is lower than the amount offered by the market average , but bigger than Health Care industry. Dividend yields are similar among companies from the same industry, so it is a positive sign for the company.

In addition, you should compare Quest Diagnostics stocks dividend with other Health Care Equip. and Services companies or other of the highest USA dividend stocks list.

Quest Diagnostics Dividend Payout

About the ability of Quest Diagnostics to maintain his current dividend of USD 2.84 per share, an amount that accounts for 2.16%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Quest Diagnostics payout on ernings is currently 30.02%, which is lower than the market average, but higher than companies of Health Care industry, which are 39.34% and 23.54% respectively. Both figures show that Quest Diagnostics is in a good position to keep maintaining his dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Quest Diagnostics is USD 15.29 per share, which is higher than the dividend per share paid by the company of USD 2.84, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Quest Diagnostics, compared againt world market average, USA companies, Health Care industry and Health Care Equip. and Services sector companies.

Quest Diagnostics Dividend History

Below you will find a table with the historical evolution of Quest Diagnostics's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	USD	Paypout	Shares*
Present	2.16%	2.84	30.02%	112
2022	1.69%	2.64	14.35%	114
2021	1.43%	2.47	19.70%	122
2020	1.88%	2.24	31.59%	134
2019	1.99%	2.13	35.32%	134
2018	2.40%	2.00	36.76%	136
2017	1.83%	1.80	34.55%	137
2016	1.83%	1.60	28.17%	139
2015	2.22%	1.52	33.63%	144

*In millions

Then you can see the evolution of Quest Diagnostics dividend stock, and compare it with the average of USA stocks and that of the Health Care Equip. and Services stocks.

Quest Diagnostics Stock performance

Finally, last moth Quest Diagnostics showed a return of -2.70% compared to a worldwide -2.49% average, and a -2.07% of Health Care firms. Over the last year, the company obtained a 4.90% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Health Care Equip. and Services firms.