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CVS Posts 2017 Guidance

Company officials highlighted CVS' diversified lines of business as a way to manage political changes.

CVS (CVS) - Get CVS Health Corporation Report says its 2017 guidance is in line with consensus estimate.

The company announced that its board approved an 18% increase in its annual dividend in 2017, which translates to $2 per share, up 30 cents per share over 2016.

Company officials highlighted CVS' diversified lines of business as a way to manage the changes Republicans and President-elect Donald Trump have threatened to the current healthcare system.

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"Given the recent changes in the marketplace and our outlook for 2017, we have put a plan in place to return to more robust levels of growth," the company's CFO Dan Denton said in a statement.

This article was written by a staff member of TheStreet.