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CVS Caremark Corporation Increases Quarterly Dividend 15%
Date:1/12/2010

WOONSOCKET, R.I., Jan. 12 /PRNewswire-FirstCall/ -- CVS Caremark Corporation (NYSE: CVS) today announced that its Board of Directors has approved an increase in its quarterly dividend of approximately 15%, to 8.75 cents per share on the Common Stock of the Corporation, payable February 2, 2010 to holders of record on January 22, 2010. This increase translates into an annual rate of 35 cents per share, up 4.5 cents per share from the previous rate of 30.5 cents.

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"An annual review of our dividend is an essential component of our company's capital allocation strategy, and I'm pleased to note that this marks our seventh consecutive year of dividend increases," stated Dave Denton, Executive Vice President and Chief Financial Officer. "This considerable increase reflects our continued strong financial performance, our optimism with respect to future growth and our significant cash generation capabilities.  It also reflects our ongoing commitment to enhancing total returns for our shareholders."

About the Company

CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, C
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SOURCE CVS Caremark Corporation
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