CVS Dividend Increase: A Detailed Look CVS Health Corporation (NYSE: CVS) recently announced a 10% increase in its quarterly dividend, raising it from $0.605 to $0.665 per share. This increase reflects the company's strong financial performance and commitment to returning value to shareholders. Here's a detailed look at the CVS dividend increase: Dividend Amount and Ex-Dividend Date: New Dividend: $0.665 per share Ex-Dividend Date: January 22, 2024 Payment Date: February 1, 2024 Dividend Yield and Forward Annual Dividend: Dividend Yield: 3.53% (based on a closing price of $18.83 on December 6, 2023) Forward Annual Dividend: $2.66 per share Reasons for the Dividend Increase: Strong Financial Performance: CVS Health delivered strong financial results in 2023, with revenue increasing by 10% and adjusted earnings per share (EPS) increasing by 13%. Solid Cash Flow: The company generated significant free cash flow during the year, which provides it with the financial flexibility to ...