HARTFORD, Conn. – The Board of Directors of Aetna 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.
Aetna Board of Directors doubles quarterly cash dividend and authorizes additional share repurchases.