|CVS Declares Quarterly Dividend|
| Business Editors|
WOONSOCKET, RI--(BUSINESS WIRE)--Sept. 14, 1999--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 Company's common stock, payable November 3, 1999, to shareholders of record October 22, 1999.
As of August 21, 1999, CVS operated 4,091 stores in 24 states and
the District of Columbia.
CVS is the largest retail provider of prescriptions in the
nation. The Company is the No. 1 drugstore chain in the U.S. with
stores in the Northeast, Mid-Atlantic, Southeast and Midwest regions
of the country. General Information about CVS, including corporate
background and press releases, is available through CVS' web site at
--30--es/ny* CONTACT: Investor Contact: Nancy Christal Vice President Investor Relations 914/722-4704 or Media Contact: Todd Andrews Director Corporate Communications FOR IMMEDIATE RELEASE 401/765-1500 x4630 KEYWORD: RHODE ISLAND INDUSTRY KEYWORD: PHARMACEUTICAL RETAIL DIVIDEND