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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 +0.68% 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 +0.47% .

/quotes/zigman/272706/composite
US : U.S.: NYSE
$ 126.12
+0.85 +0.68%
Volume: 1.17M
Feb. 21, 2017 2:20p
P/E Ratio
19.79
Dividend Yield
1.58%
Market Cap
$43.96 billion
Rev. per Employee
$1.28M
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/quotes/zigman/3870025/realtime
US : S&P Base CME
2,362.29
+11.13 +0.47%
Volume: 1.22B
Feb. 21, 2017 2:20p
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