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.
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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