CVS Caremark Corporation to Acquire Navarro Discount Pharmacy (CVS)

After the closing bell on Monday, CVS Caremark Corporation (CVS) announced that it will acquire the assets of Navarro Discount Pharmacy. 

Navarro Discount Pharmacy is based in Miami and is the largest Hispanic-owned drugstore chain in the U.S, with 33 retail locations in the country. Though the financial terms of the agreement were not disclosed, CVS announced that the acquired stores will remain under the Navarro brand.

Commenting on the acquisition, CVS President Helena Foulkes noted, “The acquisition of Navarro will strengthen CVS/pharmacy’s position in the Hispanic marketplace, the fastest growing demographic in the U.S., and we are excited to be adding the Navarro Discount Pharmacy brand to the CVS/pharmacy family”

CVS’s Dividend

CVS will pay its next quarterly dividend on August 1 to shareholders of record on July 27. The stock goes ex-dividend on July 17.

Stock Performance

DD stock ended Monday’s trading session 0.51% higher. YTD, the company’s stock is up 9.23%.

CVS Dividend Snapshot

As of Market Close on July 14, 2014

Click here to see the complete history of CVS dividends.