Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
The Board of Directors of Aetna Inc. announced the Board declared a quarterly cash dividend of $0.20 per share on the company's common stock.
In a release dated Feb. 19, the Company said the dividend was declared on Feb. 19, and is payable on April 26, to shareholders of record at the close of business on April 11. 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 $505 million of repurchase authority available under Aetna's prior authorization as of Dec. 31, 2012. The company intends to continue buying shares in the open market from time to time.
Aetna offers health insurance products and related services.
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