CVS Caremark Keeps Quarterly Dividend Steady at $0.225

Pharmacy chain and prescription benefits manager CVS Caremarkannounced yesterday its third-quarter dividend of $0.225 per share, the same rate it's paid for the past two quarters after raising the payout 38% from $0.1625 per share.

The board of directors said the quarterly dividend is payable on Aug. 2 to the holders of record at the close of business on July 22. The pharmacy chain has made quarterly payouts to investors since 1997. The regular dividend payment equates to a $0.90-per-share annual dividend, yielding 1.5% based on the closing price of CVS Caremark's stock on July 10.

CVS Dividend Chart


CVS Dividend data by YCharts.

link

The article CVS Caremark Keeps Quarterly Dividend Steady at $0.225 originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.