Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 223

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 223
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 the Stock Purchase Plan.Use of Capital and Stock Repurchase ProgramWe regularly review the appropriate use of capital, including acquisitions, common stock and debt security repurchases and dividends to shareholders. The declaration and payment of any dividends or repurchases of our common stock or debt is at the discretion of our Board of Directors and depends upon our financial condition, results of operations, future liquidity needs, regulatory and capital requirements and other factors deemed relevant by our Board of Directors. A summary of the cash dividend activity for the years ended December 31, 2024 and 2023 is as follows:Declaration DateRecord DatePayment DateCash Dividend per ShareTotalYear ended December 31, 2024January 23, 2024March 8, 2024March 22, 2024$1.63 $379 April 16, 2024June 10, 2024June 25, 20241.63 378 July 16, 2024September 10, 2024September 25, 20241.63 378 October 15, 2024December 5, 2024December 20, 20241.63 373 Year ended December 31, 2023January 24, 2023March 10, 2023March 24, 2023$1.48 $351 April 18, 2023June 9, 2023June 23, 20231.48 350 July 18, 2023September 8, 2023September 22, 20231.48 348 October 17, 2023December 6, 2023December 21, 20231.48 346 On January 22, 2025, our Audit Committee declared a quarterly cash dividend to shareholders of $1.71 per share on the outstanding shares of our common stock. This quarterly dividend is payable on March 25, 2025 to the shareholders of record as of March 10, 2025.

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Elevance Health, Inc.Notes to Consolidated Financial Statements (continued)

Under our Board of Directors’ authorization, we maintain a common stock repurchase program. On October 15, 2024, our Audit Committee, pursuant to authorization granted by the Board of Directors, authorized an $8,000 increase to the common stock repurchase program. No duration has been placed on our common stock repurchase program, and we