CVS Health approves quarterly dividend

WOONSOCKET, R.I. - CVS Health on Thursday announced that its board of directors has approved a quarterly dividend of 42.5 cents per share on the corporation's common stock.

The dividend represents a 21.4% increase as compared to the quarterly dividend of 35 cents per share approved one year ago.

The dividend is payable on Nov. 3, 2016, to holders of record on Oct. 24, 2016.