Health care provider Cigna Corp. declared an annual dividend of 4 cents a share, and said its board of directors raised stock repurchase authorization by $500 million.
With the new authority, Cigna said it has approximately $675 million of share repurchase authority remaining.
The dividend will be paid on April 11 to stockholders of record as of March 11.
The Philadephia health insurer has its national claims headquarters in Bloomfield.
