CVS Caremark issued guidance for 2014 that includes anticipated growth in earnings per share of more than 10 percent.
The Woonsocket, R.I., company said Wednesday that it expects adjusted earnings of between $4.36 and $4.50 per share next year. Analysts surveyed by FactSet expect, on average, earnings of $4.46 per share.
CVS Caremark runs the second-largest drugstore chain in the country and its Caremark unit is one of the nation's largest pharmacy benefits managers.
The company said its forecast assumes the completion of $4 billion in share buybacks next year and the second-half launch of a joint venture with Cardinal Health to buy generic drugs.
The CVS Caremark board also approved a 5-cent increase in its quarterly dividend, to 27.5 cents per share. The higher payout will be made Feb. 3 to shareholders of record on Jan. 23.
Total returns through Dec. 18
Source: FactSet Associated Press
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