Aetna Board of Directors Declares Quarterly Cash Dividend, Authorizes Additional Share Repurchases
The Board declared a quarterly cash dividend of $0.20 per share on the company's common stock. The dividend was declared on February 19, 2013, and is payable on April 26, 2013, to shareholders of record at the close of business on April 11, 2013.
Declaration and payment of future quarterly dividends is at the discretion of the Board and may be adjusted as business needs or market conditions change.
The Board authorized the company to repurchase up to an additional $750 million of its common stock from time to time. This authorization is in addition to the approximately $505 million of repurchase authority available under Aetna's prior authorization as of December 31, 2012.
The company intends to continue buying shares in the open market from time to time.
Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 37.3 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 and health information technology services. Our 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.
KEYWORDS: United States North America Connecticut
The article Aetna Board of Directors Declares Quarterly Cash Dividend, Authorizes Additional Share Repurchases originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.