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CVS Corporation Announces Quarterly Dividend

WOONSOCKET, R.I., Sep 11, 2002 (BUSINESS WIRE) -- CVS Corporation (NYSE: CVS) today announced that its Board of Directors has approved its quarterly cash dividend at the rate of $0.0575 per share on the Common Stock of the Corporation, payable November 1, 2002 to holders of record on October 21, 2002.

As of August 24, 2002, CVS operated 4,017 retail and specialty pharmacy stores in 32 states and the District of Columbia.

CVS is America's #1 pharmacy dispensing prescriptions in more stores than any other retailer. With annual revenues exceeding $22 billion, CVS has created innovative approaches to serve the healthcare needs of all of its customers through its more than 4,000 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and Pharmacare, its pharmacy benefit management company. General information about CVS is available through the Investor Relations portion of the Company's website, at http://www.CVS.com .

CONTACT:
CVS Corporation
Investor
Nancy Christal
Vice President
Investor Relations
914/722-4704
or
Media
Todd Andrews
Director
Corporate Communications
401/770-5717

Copyright (C) 2002 Business Wire. All rights reserved.

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