cvs health corp cvs said friday it was raising its quarterly dividend to 10 to 55 cents a share from 50 cents a share the new dividend will be payable feb 1 to shareholders of record on jan 21 the drug store chain and health care services companys stock rose 03 in morning trading based on the current stock prices the new annual dividend rate implies a dividend yield of 225 which compares with the yield for the spdr health care select sector etf xlv of 135 and the implied yield for the sp 500 spx of 131 cvss stock has rallied 165 over the past three months while the health care etf has edged up 07 and the sp 500 has tacked on 54