Aetna Board of Directors Declares Quarterly Cash Dividend, Authorizes Additional Share Repurchases
February 24 2012 - 1:15PM
Business Wire
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.
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.
About Aetna
Aetna is one of the nation's leading diversified health care
benefits companies, serving approximately 36.4 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, medical
management capabilities, health care management services for
Medicaid plans and health information exchange 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.
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