HARTFORD, Conn.--(BUSINESS WIRE)--Feb. 17, 2017--
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.
Aetna 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
about how Aetna is helping to build a healthier world. @AetnaNews
View source version on businesswire.com: http://www.businesswire.com/news/home/20170217005672/en/
T.J. Crawford, 212-457-0583
Joe Krocheski, 860-273-0896