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Feb. 17, 2017, 2:55 p.m. EST

Aetna shares down nearly 3% on $4 bln share buyback authorization; doubled quarterly cash dividend

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By Emma Court

Aetna Inc. /quotes/zigman/272706/composite AET -0.89% shares declined as much as 2.94% on heavy volume Friday afternoon after the company announced it was authorizing up to $4 billion for share buybacks and would double its quarterly cash dividend to 50 cents per share. Aetna shares have declined 0.3% over the last three months, compared with a 7.2% rise in the S&P 500 /quotes/zigman/3870025/realtime SPX -0.26% .

/quotes/zigman/272706/composite
US : U.S.: NYSE
$ 173.20
-1.56 -0.89%
Volume: 1.64M
Nov. 17, 2017 4:02p
P/E Ratio
32.07
Dividend Yield
1.15%
Market Cap
$56.99 billion
Rev. per Employee
$1.24M
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/quotes/zigman/3870025/realtime
US : S&P Base CME
2,578.85
-6.79 -0.26%
Volume: 2.09B
Nov. 17, 2017 4:52p
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