12-09-2021, 08:52 AM
CVS raised by 10%, $2.00 to $2.20: https://seekingalpha.com/news/3778605-cv...s-dividend
"In addition, the retail pharmacy chain operator has also increased its yearly dividend by 10%, from $2.00 – $2.20, effective next dividend payment scheduled on Feb. 01. Meanwhile, the company has also authorized a $10B share repurchase program to offset a potential dilution to share count in 2022."
Big one for me - I've held ever since they froze as I thought their reasoning was sound and I liked the company. They have made continuous progress paying down the debt from the Aetna acquisition and now that they've met their debt:ebitda metric they raised.
I don't 100% trust any company's management but this is a case where they have done precisely what they said they would. I want to own companies like that.
"In addition, the retail pharmacy chain operator has also increased its yearly dividend by 10%, from $2.00 – $2.20, effective next dividend payment scheduled on Feb. 01. Meanwhile, the company has also authorized a $10B share repurchase program to offset a potential dilution to share count in 2022."
Big one for me - I've held ever since they froze as I thought their reasoning was sound and I liked the company. They have made continuous progress paying down the debt from the Aetna acquisition and now that they've met their debt:ebitda metric they raised.
I don't 100% trust any company's management but this is a case where they have done precisely what they said they would. I want to own companies like that.