CVS Health (CVS) Raises Quarterly Dividend 21.4% to $0.425; 1.8% Yield

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CVS Health Raises Midpoint of 2016 Outlook at Annual Analyst Day; Announces 21% Dividend Increase for 2016; Reiterates Five-year Steady State Financial Targets

December 16, 2015 7:30 AM EST

WOONSOCKET, R.I., Dec. 16, 2015 /PRNewswire/ --

Provides 2016 Guidance, Raising Low End of Preliminary Range by $0.05 per Share:

Adjusted EPS expected to be in the range of $5.73 to $5.88, up 11.25% to 14.25% GAAP diluted EPS from continuing operations expected to be in the range of $5.28 to $5.43 Free cash flow expected to be between $5.3 billion and $5.6 billion Cash from operations expected to be between $7.6 billion and $7.9 billion Expect to complete approximately $4 billion in share repurchases Announced dividend increase of... More