Aetna doubling quarterly dividends after failed merger attempt: 4 key notes

Hartford, Conn.-based Aetna declared it will issue $0.50 quarterly dividends payable April 28, 2017, to shareholders of record on April 13, 2017, the Minnesota StarTribune reports.

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Here’s what you should know.

1. The dividends coincide with the board’s authorization to repurchase up to $4 billion in company stock.

2. The announcement follows Anthem and Louisville, Ky.-based Humana’s decision to terminate their merger agreement.

3. Aetna’s board employed a similar tactic when it first announced its bid for Humana in the summer of 2015.

4. Aetna’s shares dropped to $125.27 on Feb. 17, 2017.

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