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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 +0.26% 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 +0.66% .

/quotes/zigman/272706/composite
US : U.S.: NYSE
$ 184.68
+0.48 +0.26%
Volume: 307,822
Jan. 16, 2018 10:04a
P/E Ratio
34.21
Dividend Yield
1.08%
Market Cap
$60.08 billion
Rev. per Employee
$1.24M
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/quotes/zigman/3870025/realtime
US : S&P Base CME
2,804.65
+18.41 +0.66%
Volume: 356.81M
Jan. 16, 2018 10:04a
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