Navigation Links
CVS Caremark Provides Strong Growth Outlook for 2013 and Beyond, Announces 38%Dividend Increase and Outlines Strategic Growth Framework
Date:12/13/2012

n 2013, an increase of 13.25% to 17.25%, and GAAP diluted earnings per share from continuing operations of $3.59 to $3.73 per share.  The company also expects to generate substantial free cash flow of $4.8 billion to $5.1 billion in 2013, and cash from operations of $6.4 billion to $6.6 billion in 2013.  This guidance assumes the completion of $4 billion in share repurchases during 2013. The guidance does not include the anticipated benefit from the company's recent debt tender and refinancing, which is expected to result in annual EPS accretion of approximately two cents due to the reduction of interest expense going forward.  Denton also expressed confidence in the company's ability to achieve the steady state earnings growth targets established in late 2010, for 2011 through 2015.

Dividend Increase
The company also announced that its board of directors has approved an increase in its quarterly dividend of approximately 38%, to $0.225 per share on the common stock of the company, payable February 4, 2013, to holders of record on January 24, 2013. This increase translates into an annual rate of 90 cents per share, up 25 cents per share from the previous annual rate of 65 cents.

"The board's decision to increase the dividend by 38% reflects our strong performance and outlook as well as our very significant cash generation capabilities," stated Denton. "In late 2010, we set a dividend payout ratio target of 25% to 30% by 2015, which implied a compounded dividend growth rate of approximately 25% per year from 2010.  Today's increase allows us to meet our 25% dividend payout ratio target two years early and marks our tenth consecutive year of dividend increases. We remain committed to using our free cash flow to enhance total returns for our shareholders through a combination of high-return investments, dividend increases and value-enhancing share repurchases."

Strategic Growth Framework
At the meeting, c
'/>"/>

SOURCE CVS Caremark Corporation
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine technology :

1. CVS/pharmacy and CVS Caremark Charitable Trust Continue to Support Communities Affected by Hurricane Sandy
2. CVS Caremark Reports Third Quarter Results
3. CVS Caremark To Present At Lazard Capital Markets 9th Annual Healthcare Conference
4. CVS Caremark Donates More Than $100,000 to Hurricane Sandy Relief Efforts
5. CVS Caremark Corporation Announces New Share Repurchase Authorization for up to $6 Billion of Common Stock
6. CVS Caremark to Present at Morgan Stanley Global Healthcare Conference
7. CVS Caremark To Present At Goldman Sachs 2012 Global Retailing Conference
8. CVS Caremark Charitable Trust Partners with National Association of Community Health Centers to Create Innovative Grant Program Focused on Managing Chronic Disease
9. CVS Caremark Research Identifies Positive Link Between Medication Adherence and Employee Productivity
10. CVS Caremark Sponsored Research Finds FDA Drug Warnings Can Have Immediate Negative Impact on Medication Adherence, Even if Not Related to Safety
11. CVS Caremark Reports Record First Quarter Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/31/2014)... , July 31, 2014 genae, a global ... announced today the incorporation of genae UK in London ... has one of the largest medical device markets in the world. ... is projected to increase by a CAGR of 6.0% until 2017. ... to 9.5% of GDP. Despite recessionary pressures, market growth rates over ...
(Date:7/31/2014)... July 31, 2014 Vermillion, Inc. (NASDAQ: VRML), a ... will hold a conference call on Thursday, August 14, 2014, ... second quarter ended June 30, 2014. Financial results will be ... Vermillion,s Chairman, President and CEO James LaFrance ... period. Date: Thursday, August 14, 2014 Time: 4:30 ...
(Date:7/31/2014)... NEW YORK , July 31, 2014 ... developing better, faster and affordable treatments for tuberculosis (TB), ... Senior Vice President, Market Access. Ms. Robertson joins the ... the company,s business in Sub-Saharan Africa and ... will oversee the TB Alliance,s efforts to ensure beneficial ...
Breaking Medicine Technology:genae Opens Offices in London 2Vermillion Sets Second Quarter 2014 Conference Call for Thursday, August 14, 2014 2TB Alliance Names Elana Robertson Senior Vice President, Market Access 2TB Alliance Names Elana Robertson Senior Vice President, Market Access 3
... 33% 3.5 Years Post Surgery, VIENNA, Va., May ... its cancer drug Multikine(R) was,shown to significantly increase ... of head and neck cancer patients. The data ... International Congress of,the International Association of Oral Oncology ...
... Compliance with Medication Instructions but,Underscore Need for ... Provider Efforts to Control Elevated,Blood Pressure, NEW ... of a survey,conducted by Harris Interactive(R) for ... the American Society of,Hypertension, Inc. (ASH) Twenty-Second ...
Cached Medicine Technology:CEL-SCI Presents Long-Term Cancer Survival Data With Multikine 2CEL-SCI Presents Long-Term Cancer Survival Data With Multikine 3Hypertension Education Foundation Survey Results Announced At,American Society For Hypertension Annual Meeting Suggests Improved,Control Of High Blood Pressure, But Misconceptions Still Exist 2Hypertension Education Foundation Survey Results Announced At,American Society For Hypertension Annual Meeting Suggests Improved,Control Of High Blood Pressure, But Misconceptions Still Exist 3Hypertension Education Foundation Survey Results Announced At,American Society For Hypertension Annual Meeting Suggests Improved,Control Of High Blood Pressure, But Misconceptions Still Exist 4Hypertension Education Foundation Survey Results Announced At,American Society For Hypertension Annual Meeting Suggests Improved,Control Of High Blood Pressure, But Misconceptions Still Exist 5Hypertension Education Foundation Survey Results Announced At,American Society For Hypertension Annual Meeting Suggests Improved,Control Of High Blood Pressure, But Misconceptions Still Exist 6Hypertension Education Foundation Survey Results Announced At,American Society For Hypertension Annual Meeting Suggests Improved,Control Of High Blood Pressure, But Misconceptions Still Exist 7
(Date:7/31/2014)... ARLINGTON HEIGHTS, Ill. (August 1, 2014) Women over ... health: an increased risk for obesity, greater struggles against ... outcomes. An article published in the August issue of ... scientific publication of the American College of Allergy, Asthma ... women in treating asthma, and offers practical solutions to ...
(Date:7/31/2014)... The 2013 PolyU TSI hit a record ... in 2012. The index measures inbound tourists’ satisfaction ... into an overall index. The 2013 index indicates ... Hong Kong over time. , The index shows ... in Hong Kong are attractions (79.27) and transportation ...
(Date:7/31/2014)... (PRWEB) July 31, 2014 Ce-Classes.com has ... education course for healthcare professionals, a Systematic Review ... upon material published in the International Journal of Clinical ... created in response to a need to have accurate ... provide the best treatment possible. The material provides ...
(Date:7/31/2014)... In today’s world, a good night’s sleep has ... sleep apnea (a medical problem where the airway collapses during ... of the rest they need to face their daily challenges. ... 20 million people in the United States alone have sleep ... and of those treated, many cannot tolerate their prescribed medical ...
(Date:7/31/2014)... (PRWEB) July 31, 2014 Weblify has finally ... 4 years of development and testing. The result is ... websites in as little as 5 minutes without knowing any ... Weblify review , Shane Michaels, an SEO expert, agrees that ... “I’ve seen a lot of web site builders out ...
Breaking Medicine News(10 mins):Health News:Female baby boomers with asthma? You may need help 2Health News:Female baby boomers with asthma? You may need help 3Health News:PolyU Released Report On 2013 Tourist Satisfaction and Tourism Service Quality Indices to Boost Tourism Development 2Health News:PolyU Released Report On 2013 Tourist Satisfaction and Tourism Service Quality Indices to Boost Tourism Development 3Health News:Company Provides New Course on Sexual Satisfaction 2Health News:Company Provides New Course on Sexual Satisfaction 3Health News:Snoring: Bad for Relationships, Bad for Health 2Health News:Snoring: Bad for Relationships, Bad for Health 3Health News:Weblify Review Exposes Ricky Mataka And His New Site Building Platform 2Health News:Weblify Review Exposes Ricky Mataka And His New Site Building Platform 3
... self-esteem programs receive expansion ... ... recently,awarded $4 million in grants to two nonprofit organizations through its,Highmark ... activity program and a self-esteem initiative, both available,throughout Highmark,s service area., ...
... Despite Scare in ABC,s "Eli,Stone", WHITE PLAINS, N.Y., ... directors of the U.S. Centers for Disease Control,and Prevention ... childhood,vaccines by the suggestion in an upcoming episode of ... -- which is no longer,used in vaccines -- may ...
... But experts question results of small Polish study , , ... a clogged left main coronary artery appeared to give better ... But American experts cast some doubt on the clinical value ... the Medical University of Silesia, compared results of surgery versus ...
... also available in Spanish . The Spanish ... on that using the safety belt on the road can save ... use of such device in the front seats of cars, whereas ... With such a situation on the table, the paper Individual factors ...
... Naturopathic Doctor and Integrative Cancer Treatment Expert,Starts 4-Year ... and Human,Services Secretary Michael Leavitt has appointed Timothy ... the National Advisory Council for Complementary,and Alternative Medicine ... vice president of integrative medicine for Cancer Treatment,Centers ...
... Relationship with NBME and Announces ... Certification Program, TAMPA, Fla., Jan. 29 ... Physicians, Inc. (ABQAURP) is pleased to,announce the organization ... Medical Examiners(R) (NBME(SM)) to oversee and administer ABQAURP,s,professional ...
Cached Medicine News:Health News:The Highmark Foundation Awards $4 Million in Highmark Healthy High 5 Grants to Two Nonprofit Organizations 2Health News:The Highmark Foundation Awards $4 Million in Highmark Healthy High 5 Grants to Two Nonprofit Organizations 3Health News:Childhood Vaccines Save Lives, March Of Dimes Says 2Health News:Childhood Vaccines Save Lives, March Of Dimes Says 3Health News:Stents Slightly Better Than Bypass for Blocked Left Coronary Artery 2Health News:Stents Slightly Better Than Bypass for Blocked Left Coronary Artery 3Health News:Using the safety belt in the rear seats of the car reduces death risk by almost a half 2Health News:National Institutes of Health Appoints Timothy C. Birdsall, ND to CAM Advisory Council 2Health News:ABQAURP Renews Agreement with the National Board of Medical Examiners to Oversee Testing Methodology 2Health News:ABQAURP Renews Agreement with the National Board of Medical Examiners to Oversee Testing Methodology 3
... addition to Laserscopes family of multi-application laser ... from, 1064nm Nd:YAG and 532nm KTP, the ... aesthetic laser market by pushing the envelope ... the safety and reliability record of a ...
... a new, portable, light weight, high power ... cosmetic and plastic surgery, general surgery, ENT ... resurfacing, it is the smallest, yet among ... market. It provides an ideal treatment for ...
... Series, including the Ceralas D and ... soft-tissue applications in medical, dental, and ... water and hemoglobin, the 980 nm ... and provide a bloodless field for ...
... Venus-i™ Laser System is a new, portable, ... with applications in dermatology, cosmetic and plastic ... ideal laser for skin resurfacing, it is ... Erbium:YAG lasers on the market. It provides ...
Medicine Products: