Hartford health insurer Aetna said Tuesday its board has approved a plan to repurchase $750 million in common stock.
The repurchase program, which doesn’t have a specific end date, is in addition to the $505 million of repurchase authority available under Aetna’s prior authorization as of Dec. 31, 2012.
Aetna’s board of directors also declared a quarterly cash dividend of 20 cents per share. The dividend is payable on April 26, to shareholders of record at the close of business on April 1.
