Market Overview

CIGNA Declares Dividend and Increases Share Repurchase to $500M

Share:

On February 23, 2011, the board of directors of CIGNA Corporation (NYSE: CI) declared an annual dividend of $0.04 per common share. The dividend is payable on April 11, 2011, to shareholders of record as of March 11, 2011.

In addition, CIGNA's board increased the company's stock repurchase authority by $500 million. With the new authority, CIGNA has approximately $675 million of share repurchase authority remaining.

 

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