Aetna Board of Directors Declares Quarterly Cash Dividend of $0.175, Authorizes Additional Share Repurchases of Up to $750M
The Board of Directors of Aetna Inc. (NYSE: AET) today announced the following actions:
* Declaration of a quarterly cash dividend of $0.175 per share on the company's common stock. The dividend was declared on February 24, 2012, and is payable on April 27, 2012, to shareholders of record at the close of business on April 12, 2012; and * Authorization for 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 $295 million of repurchase authority available under Aetna's prior authorization as of February 23, 2012. The company intends to continue buying shares in the open market from time to time. At December 31, 2011, Aetna had approximately 349.7 million shares outstanding and approximately $422 million of repurchase authority available under its prior authorization.
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