CVS Caremark has chosen to stick to its existing dividend policy. The company has declared a quarterly common stock dividend of $0.225 per share, to be paid on Nov. 1 to stockholders of record as of Oct. 21. That amount is in line with the distribution paid in each of the preceding three quarters of this year. Before that, CVS Caremark dispensed $0.1625 per share.
Since February 2009, the company has raised its dividend after every four quarters. From that time, its disbursement has ranged from $0.07625 per share to the present level.
The just-declared dividend annualizes to $0.90 per share. That yields 1.6% at CVS Caremark's most recent closing stock price of $57.78.
The article CVS Caremark Declares Quarterly Dividend originally appeared on Fool.com.
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