Shares of CVS Health (NYSE: CVS) hit a high-water mark about a year ago, but it's fallen around 27% from its all-time high. Now, dividend growth investors are sniffing around this one-of-a-kind healthcare stock for signs of a bargain.

Is CVS Health a smart stock to add to your dividend growth portfolio? Let's look at some key reasons to buy the stock now to find out.

At the moment, CVS Health stock offers an above-average 3% dividend yield. If the years ahead resemble its past, adding shares of the stock to a portfolio now could lead to heaps of passive income in your retirement years. The company has been able to raise its dividend payout by 169% over the past decade.

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Source Fool.com