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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 -1.01% 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
$ 154.47
-1.57 -1.01%
Volume: 968,123
Sept. 20, 2017 2:27p
P/E Ratio
33.74
Dividend Yield
1.29%
Market Cap
$51.76 billion
Rev. per Employee
$1.26M
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/quotes/zigman/3870025/realtime
US : S&P Base CME
2,500.12
-6.53 -0.26%
Volume: 1.17B
Sept. 20, 2017 2:28p
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