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¢.
