The Board of Directors of Aetna Inc. (NYSE: AET) today announced the following actions.
- The Board declared a quarterly cash dividend of $0.20 per share on the company’s common stock. The dividend was declared on September 27, 2013, and is payable on October 25, 2013, to shareholders of record at the close of business on October 10, 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 $326 million of repurchase authority available under Aetna’s prior authorization as of September 20, 2013.The company intends to continue buying shares in the open market from time to time.