Pharmacy chain and prescription benefits manager CVS Caremark (NYSE:CVS) announced 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.
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.