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From: Top Of The World Ma	12/9/2021 7:43:40 AM
	2 Recommendations Read Replies (1) of 2146

RE: CVS CVS Health sets 2022 guidance ahead of consensus; raises dividend 07:09 AM \| CVS Health Corporation (CVS) \| By: Dulan Lokuwithana, SA News Editor As the company prepares to hold its first Investor Day, CVS Health (NYSE: CVS) has updated its 2021 financial guidance and provided better than expected revenue projections for 2022. CVS ( CVS) shares have added ~2.0% in the pre-market.In addition, the retail pharmacy chain operator has also increased its yearly dividend by 10%, from $2.00 – $2.20, effective next dividend payment scheduled on Feb. 01. Meanwhile, the company has also authorized a $10B share repurchase program to offset a potential dilution to share count in 2022.As CEO Karen Lynch and CFO Shawn Guertin are set to take part in their first Investor Day event for the company, CVS ( CVS) says that it is the first time the company has raised dividends or initiated stocks buybacks since 2017. The event is scheduled to begin at 8:00 AM ET.Among the updated financial measures for 2021, the management has revised the total revenue and adjusted EPS to at least $290.3B and at least $8.00 from the previously estimated ranges of $286.5 – $ 290.3B and $7.90 – $8.00, respectively.For 2022, CVS ( CVS) projects its revenue and adjusted EPS to reach $304.0 – $309.0B and $8.10 – $8.30, respectively. For the year, the Wall Street analysts estimate the company to post $300.6B in revenue.

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