Core Viewpoint - CareRx Corporation has announced the initiation of a quarterly dividend, reflecting its commitment to strong cash generation and disciplined capital allocation strategy [2][3]. Group 1: Dividend Announcement - The Board of Directors declared a dividend of $0.02 per Common Share, payable on October 15, 2025, to shareholders of record as of September 23, 2025 [3]. - This dividend is classified as an "eligible dividend" for Canadian income tax purposes, with specific tax implications for non-residents and U.S. residents [3]. Group 2: Company Strategy and Financial Performance - The initiation of the dividend is part of CareRx's balanced approach to return capital to shareholders while maintaining financial flexibility for growth initiatives [2]. - The company is committed to investing in both organic and inorganic growth opportunities, including capital expenditures for capacity expansion and selective acquisitions [2]. Group 3: Company Overview - CareRx is Canada's leading provider of pharmacy services to seniors living and other congregate care communities, with a national network of pharmacy fulfillment centers [4]. - The company utilizes advanced technology for medication management, ensuring safety and adherence for individuals with complex medication regimens [4].
CareRx Initiates Quarterly Dividend
Newsfileยท2025-09-15 11:30