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CVS Corporation (CVS)/Caremark Corporation Increases Quarterly Dividend 23%


3/29/2007 1:00:52 PM

WOONSOCKET, R.I.--(BUSINESS WIRE)--CVS/Caremark Corporation (NYSE:CVS) today announced that its Board of Directors has approved an increase in its quarterly dividend of approximately 23%, to 6¢ per share on the Common Stock of the Corporation, payable May 4, 2007 to holders of record on April 24, 2007. This increase translates into an annual rate of 24¢ per share, up 4.5¢ from the previous rate of 19.5¢.

Read at BioSpace.com

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