Investor FAQs

Any additional information you may not have found on our website should be directed to CVS Caremark’s Investor Relations department. Click here for contact information and an online information request form where you can submit feedback or request more information.

View our Investor FAQs by these categories:

Stock Information
What is CVS Caremark's ticker symbol?
CVS.
What is the recent price for CVS Caremark shares?
Click here for current stock quote.
How can I get a history of CVS Caremark's closing stock prices?
Click here for price lookup.

Historical prices prior to March 22, 2007 reflect the price of CVS Corporation common stock only. Caremark stock was separately listed prior to that date.

What stock exchange is CVS Caremark listed on?
New York Stock Exchange.
What is the cusip number for CVS Caremark's common stock?
126650100
What is the par value of CVS Caremark common stock?
$0.01
How many individuals own CVS Caremark common stock? How many institutions own CVS Caremark common stock?
Approximately 55,000 individuals own CVS Caremark common stock and approximately 1,300 institutions hold our stock. As a percentage of shares outstanding, approximately 91% of CVS Caremark common stock is held by institutions. Click here for further information on ownership.
I still have my old Melville common stock certificates. Did you ever issue new ones?
No. Melville Corporation, a New York Corporation, was formerly a publicly traded company which operated a multitude of retail divisions, including CVS. In November 1996, following a merger with CVS Corporation, Melville shares became CVS Corporation shares. The merger agreement specifically stated the Melville shares do not have to be exchanged for CVS shares.

Your old Melville certificates are still valid and should be retained in a safe place.

Who is CVS Caremark's transfer agent and how does a registered holder contact the agent for account information such as dividend check information, transfer of ownership or change of address?
CVS Caremark's transfer agent is Computershare (formerly BNY Mellon Shareowner Services). Click here for contact information.
What is Direct Registration?
Direct Registration is a service within the securities industry that allows shares to be owned and tracked electronically without having a stock certificate issued. Direct Registration means that instead of receiving a paper stock certificate to represent your CVS Caremark shares, your shares are held in your name and tracked electronically (in book-entry form) on CVS Caremark records, which are maintained by Computershare, transfer agent for CVS Caremark. For more information about Direct Registration, call Computershare toll-free at 1-877-CVS-PLAN.
Should I keep my old CVS stock certificates issued prior to the 2005?
Do not destroy any CVS stock certificates that you currently hold. These certificates remain valid for the number of shares shown.
I own shares of CVS Caremark through a brokerage account and do not have a certificate. Will I be receiving registered shares through Computershare as a result of the 2005 stock split?
If you hold shares that are not represented by a certificate, your new shares will be held in the same manner as those you currently hold.
Is there a way to purchase or sell CVS Caremark stock without using a broker? Does CVS Caremark have a Dividend Reinvestment Program (DRIP), and if so how do I enroll?
You can purchase CVS Caremark stock and reinvest dividends without a broker through the Computershare "BuyDIRECTSM" program. Click here for information on the Computershare "BuyDIRECTSM" program.
Dividend Information
What is CVS Caremark's current dividend rate?
CVS Caremark's dividend rate is currently $0.225 per share quarterly, which equates to an annual dividend rate of $0.90 per share.
What months are dividends typically paid?
Quarterly dividends are typically paid in February, May, August and November. Click here for dividend history.
How can I find out about CVS Caremark's dividend and stock split history?
Click here for dividend and stock split history.
General Information
What year and where was CVS Caremark incorporated?
CVS Corporation was incorporated in Delaware on August 23, 1996. It became a public company following a merger with Melville Corporation on November 20, 1996. On March 22, 2007, following its merger of equals with Caremark Rx, Inc., the Company’s name was changed to “CVS Caremark Corporation".
Where is CVS Caremark corporate headquarters located?
Corporate headquarters are located in Woonsocket, RI.
How many people does CVS Caremark employ?
The various subsidiaries of CVS Caremark employ approximately 200,000 people.
How can I obtain a copy of your Annual Report?
You can access our Annual Report through this website by clicking here. If you would like a hard copy of the Annual Report, please contact CVS Caremark’s Investor Relations department. Click here for contact information and an online information request form.
How can I obtain SEC reports such as a 10-K or a 10-Q?
You can access our SEC filings through this website by clicking here. If you would like a hard copy of our reports on Form 10-K or 10-Q, please contact CVS Caremark’s Investor Relations department. Click here for contact information and an online information request form.
How can I contact the non-management Directors of CVS Caremark Corporation?
Stockholders and other parties interested in communicating directly with the non-management directors as a group may do so by writing to: Non-Management Directors, CVS Caremark Corporation, One CVS Drive, Woonsocket, RI 02895. The Nominating and Corporate Governance Committee has approved a process for handling letters received by the Company and addressed to non-management members of the Board. Under that process, the Corporate Secretary of the Company reviews all such correspondence and regularly forwards to the Board a summary of all such correspondence and copies of all correspondence that, in the opinion of the Corporate Secretary, deals with the functions of the Board or committees thereof or that he otherwise determines requires their attention. Directors shall from time to time review a log of all correspondence received by the Company that is addressed to members of the Board and may request copies of any such correspondence. Concerns relating to accounting, internal controls or auditing matters will be promptly brought to the attention of the Company’s internal audit department and handled in accordance with procedures established by the Audit Committee with respect to such matters.
When was the last Annual Meeting of Stockholders?
CVS Caremark's last Annual Meeting was on May 9, 2013.
What is CVS Caremark's credit rating?
As of September 30, 2013, our long-term debt was rated "Baa1" by Moody's and "BBB+" by Standard & Poor's. Our commercial paper program was rated “P-2” by Moody’s and “A-2” by Standard & Poor’s. The outlook for our short-term and long-term debt is currently “Positive” by Moody’s and “Stable” by Standard & Poor’s.
Historical Corporate Action Information
How do I calculate my (tax) cost basis from the 1996 spin-off of Footstar?
As owners of Melville common stock, you received a special distribution of .2879 shares of Footstar common stock for each share of Melville common stock owned as of the record date of October 2, 1996. For tax purposes these shares are treated as distributable on October 12, 1996. The income tax basis of your Melville common stock will have to be apportioned between your Melville common stock and the Footstar common stock based on their fair market values on the date of distribution - - October 12, 1996. (Because there was no trading on October 12th, the fair market value is determined with reference to the trading prices on October 11 and October 14, 1996). The fair market value of .2879 shares of Footstar common stock was $6.05 and the fair market value of one share of Melville common stock was $38.34. Your income tax basis in Melville common stock will be apportioned 13.6% to the Footstar common stock received and 86.4% to Melville common stock. The above is on a pre-stock split basis, we recommend that you consult your accountant for assistance.
What was the exchange ratio for the 1997 Revco transaction?
On a post two-for-one common stock split basis (June 1998 and June 2005), for each Revco share exchanged in the merger, Revco shareholders received 3.5368 shares of CVS common stock.
What was the exchange ratio for the 1998 Arbor stock transaction?
On a post two-for-one common stock split basis (June 1998 and June 2005), for each Arbor share exchanged in the merger, Arbor shareholders received 1.2728 shares of CVS common stock.
When did the Longs Drugs merger close?
The Longs merger closed on October 30, 2008.
How much was paid for my Longs Drugs’ securities and what was the form of payment?
CVS Caremark paid $71.50 per share in cash, without interest, less any applicable withholding taxes but without brokerage fees or commissions or, except in certain circumstances, transfer taxes. If you were the record holder of your shares ( i.e. , a stock certificate has been issued to you) and you directly tendered your shares to us in the offer, you did not have to pay brokerage fees or similar expenses. If you owned your shares through a broker, banker or other nominee, and your broker tendered your shares on your behalf, your broker, banker or other nominee may have charged you a fee for doing so. You should consult your broker, banker or other nominee to determine whether any charges will apply.
When and how will I be paid for my tendered shares?
We will pay for your validly tendered and not withdrawn shares by depositing the purchase price with Mellon Investor Services LLC, which will act as your agent for the purpose of receiving payments from us and transmitting such payments to you. In all cases, payment for tendered shares of Longs common stock will be made only after timely receipt by Mellon Investor Services LLC of certificates for such shares (or of a confirmation of a book-entry transfer of such shares), a properly completed and duly executed Letter of Transmittal (or facsimile thereof) and any other required documents for such shares.
If I did not tender my Longs securities, how will the offer affect my shares?
Longs’ stockholders not tendering their shares in the offer will receive cash in an amount equal to the price per share paid in the offer. Therefore, the only difference between tendering and not tendering your shares is that tendering stockholders will be paid earlier.
What are the federal income tax consequences of exchanging my shares pursuant to the offer, during a subsequent offering period or pursuant to the merger?
In general, your exchange of shares of Longs common stock for cash pursuant to the offer will be a taxable transaction for U.S. federal income tax purposes and may also be a taxable transaction under applicable state, local or foreign income or other tax laws. You should consult your tax advisor about the tax consequences to you of exchanging your shares pursuant to the offer in light of your particular circumstances.
What were the details of the Longs dividends prior to the merger with CVS?
To see Longs dividend history, click here.
What were the details of Longs same-store sales prior to the merger with CVS?
To see a 5-yr same-store sales history for Longs, click here.
When did the CVS merger with Caremark Rx close?
The CVS Caremark merger closed March 22, 2007.
Can you provide information regarding the merger of Caremark Rx with CVS Corporation along with cost-basis information?
On 3/22/2007, Caremark Rx, Inc. (NYSE:CMX) merged with a subsidiary of CVS Corporation (NYSE:CVS). Caremark shareholders received 1.67 shares of CVS Caremark Corporation (NYSE:CVS), for every share of Caremark owned, with any fractional shares paid in cash. For example, an owner of 100 shares of Caremark became the owner of 167 shares of CVS Caremark Corporation (100 shares of CMX x 1.67 = 167 shares of CVS). The cost basis of your CVS Caremark stock is as follows:

CVS Caremark cost basis = (cost basis of Caremark) / 1.67

Caremark Rx, Inc. price as of 3/21/07 $65.23 per share
CVS Corporation price as of 3/21/07 $34.67 per share

Caremark shareholders also received a special cash dividend of $7.50 for each share of Caremark owned. Using the above example, an owner of 100 shares of Caremark received $750 in addition to the 167 shares of CVS Caremark Corporation. Although the tax treatment of the Caremark special cash dividend is unclear, Caremark and CVS intend to report the special cash dividend as a qualified distribution with respect to Caremark common stock.
Do CVS shareholders need to do anything in connection with the merger and the name change to CVS Caremark ?
All shares of CVS stock are now automatically shares of CVS Caremark stock. CVS shares do not have to be exchanged for CVS Caremark shares.

Your old CVS certificates are still valid and should be retained in a safe place.

How do Caremark shareholders exchange their shares for CVS Caremark shares?
Each holder of Caremark common stock will receive a letter of transmittal for use in the exchange of Caremark common stock in the merger for CVS Caremark common stock and the payment of cash in lieu of fractional shares, and instructions explaining how to surrender stock certificates or transfer uncertificated shares of Caremark common stock. Holders of Caremark common stock that surrender their stock certificates or transfer their uncertified shares together with a properly completed letter of transmittal, will receive the appropriate merger consideration.
What are the tax consequences of the Caremark special cash dividend and the merger?
Refer to pages 10 & 97 within the joint proxy statement filed on January 19, 2007, by clicking here.
Is there an overview of the details of the merger?
For a fact sheet with details of the merger, click here.
What were the details of the Caremark Rx dividends prior to the merger with CVS?
Declared Record Payable Amount Type
Dec 18, 2006 Dec 29, 2006 Jan 15, 2007 $.10 Regular Cash
Aug 17, 2006 Sep 29, 2006 Oct 16, 2006 $.10 Regular Cash
Apr 05, 2006 Jun 30, 2006 Jul 17, 2006 $.10 Regular Cash

Who is the paying agent for the special one-time cash dividend related to the CVS Caremark merger?
American Stock Transfer & Trust Company is the paying agent for the special dividend. Click here for contact info.
Can you provide information regarding the spin-off of Caremark International from Baxter along with cost-basis information?
On 11/30/92, Baxter spun off Caremark. The spin-off was in the form of a special stock dividend. For every 4 shares of Baxter, you received 1 share of newly-created Caremark. For example, if you owned 400 shares of Baxter, you would have received 100 shares of Caremark. New cost basis were determined by multipliers that were based upon on the price of Baxter on 11/30/92. New cost basis are as follows:

New Baxter cost basis = (original cost basis* of Baxter) x .90823
Caremark cost basis = (original cost basis* of Baxter) x .09177

*Note: Baxter split 2 for 1 on 11/17/83. If you purchased Baxter before this date, you must adjust your cost basis for the split. (original cost /2)

Can you provide information regarding the merger of Caremark International with MedPartners along with cost-basis information?
On 9/06/96, Caremark merged with MedPartners. Caremark shareholders received 1.21 shares of MedPartners for every share of Caremark owned, with any fractional shares paid in cash. For example, an owner of 100 shares of Caremark became the owner of 121 shares of MedPartners (100 shares x 1.21) = 121 shares of MDM. The cost basis of your MedPartners stock is as follows:

MedPartners cost basis = (cost basis of Caremark) / 1.21

Cost of Baxter (NYSE: BAX) as of 11/30/92 $32.20 per share
Cost of Caremark (NYSE: CK) as of 11/30/92 $13.25 per share
Cost of MedPartners (NYSE: MDM) as of 9/06/96 $20.50 per share

As of September 13, 1999, MedPartners, Inc. announced that it changed its name to Caremark International (NYSE: CMX) to reflect the Company's focus on its core pharmaceutical services operations. The name change did not affect shareholders or their MedPartners certificates.

Can you provide information regarding the merger of Caremark Rx with AdvancePCS along with cost-basis information?

Under the terms of the merger agreement, entered into on September 2, 2003, Caremark Rx acquired 100 percent of AdvancePCS's outstanding stock. AdvancePCS stockholders received value equivalent to 2.15 shares of Caremark Rx common stock for each AdvancePCS share, were paid 90% in Caremark Rx common stock and 10% in cash. For each share of AdvancePCS common stock held, AdvancePCS stockholders received:

  • shares of Caremark Rx common stock in an amount equal to the product of (1) 2.15 and 0.90, or 1.935 shares of Caremark Rx common stock; and
  • an amount in cash equal to 0.10 multiplied by the product of (1) 2.15 and (2) the average of the per share closing sales prices of shares of Caremark Rx common stock as reported on the NYSE during the five consecutive trading day period ending on, and including, the fifth trading day immediately prior to the effective time of the merger. Based on this pricing period, the resulting amount of cash received for each AdvancePCS share held was $7.01.

Stockholders of Caremark prior to the merger did not have to exchange their shares nor did they see any change in their account holdings as a result of the merger's completion. Stockholders of AdvancePCS were able to identify the conversion of their shares to Caremark shares through their account holdings statements if their shares are held by a bank or broker (in "street name"). Individual questions about Caremark or AdvancePCS stockholder accounts should be addressed through the Caremark stock transfer and exchange agent, Wachovia Bank at 1-800-829-8432.

Each stockholder should review the section of the Joint Proxy Statement entitled "Material U.S. Federal Income Tax Considerations" and consult his or her own tax advisor as to the tax consequences of the merger to such stockholder under Federal, state, local or other applicable law.

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