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CVS Corporation Announces Quarterly Dividend
WOONSOCKET, R.I., Jul 10, 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 August 2, 2002, to shareholders of record on July 22, 2002.

As of June 29, 2002, CVS operated 4,002 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;, 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 .

CVS Corporation
Nancy Christal, 914/722-4704
Todd Andrews, 401/770-5717

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