Aetna Board of Directors Doubles Quarterly Cash Dividend, Authorizes Additional Share Repurchases
February 17 2017 - 2:15PM
Business Wire
The Board of Directors of Aetna (NYSE: AET) today announced the
following actions:
- The Board declared a quarterly cash
dividend of $0.50 per share on the company’s common stock, doubling
the dividend from the previous quarter. The dividend was declared
on February 17, 2017 and is payable on April 28, 2017, to
shareholders of record at the close of business on April 13,
2017.
- The Board authorized the company to
repurchase up to an additional $4 billion of its common stock. This
authorization is in addition to the approximately $1.1 billion of
repurchase authority remaining under the company’s existing share
repurchase programs.
Declaration and payment of future dividends is at the discretion
of the Board and may be adjusted as business needs or market
conditions change.
About AetnaAetna is one of the nation's leading
diversified health care benefits companies, serving an estimated
46.7 million people with information and resources to help them
make better informed decisions about their health care. Aetna
offers a broad range of traditional, voluntary and
consumer-directed health insurance products and related services,
including medical, pharmacy, dental, behavioral health, group life
and disability plans, and medical management capabilities, Medicaid
health care management services, workers' compensation
administrative services and health information technology products
and services. Aetna's customers include employer groups,
individuals, college students, part-time and hourly workers, health
plans, health care providers, governmental units,
government-sponsored plans, labor groups and expatriates. For more
information, see www.aetna.com and learn about how Aetna is helping
to build a healthier world. @AetnaNews
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version on businesswire.com: http://www.businesswire.com/news/home/20170217005672/en/
AetnaMedia Contact:T.J. Crawford,
212-457-0583crawfordt2@aetna.comorInvestor Contact:Joe
Krocheski, 860-273-0896krocheskij@aetna.com
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