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CVS/Caremark announces $5 billion stock repurchase plan

CVS/Caremark (NYSE: CVS) announced board approval of a stock repurchase plan of up to $5 billion. With approximately 1.6 billion shares outstanding and assuming that the company completes the program in 12 months, the repurchase yields $3.13 per share. ### PAYOUT YIELD ANALYSIS The annualized dividend of $0.24 plus the $3.13 per share from the [...]

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