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

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CVS Health (CVS) Lifts Low-End of FY16 Outlook; Boosts Dividend 21%

December 16, 2015 7:32 AM EST

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% (The Street sees EPS of $5.81.)GAAP diluted EPS from continuing operations expected to be in the range of $5.28 to $5.43Free cash flow expected to be between $5.3 billion and $5.6 billionCash from operations expected to be between $7.6 billion and $7.9 billionExpect to complete approximately $4 billion in share repurchasesAnnounced dividend increase of 21% to $1.70 per share annually

At its annual Analyst Day... More