Aetna Board of Directors Announces Actions; Authorizes additional share repurchases; Declares annual cash dividend.HARTFORD, Conn. -- Aetna Inc. (NYSE NYSE See: New York Stock Exchange : AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) today announced that its Board of Directors has authorized the company to repurchase from time to time up to $750 million of its common stock. This authorization is in addition to the approximately $205 million remaining under Aetna's prior authorizations prior authorization, n See predetermination. prior authorization Health insurance A cost containment measure that provides full payment of health benefits only if the hospitalization or medical treatment has been . The company intends to continue buying shares in the open market from time to time. At June 30, 2006, Aetna had approximately 548 million shares outstanding. The Board of Directors also declared its regular annual cash dividend of $0.04 per share on the company's common stock. The dividend is payable on November 30, 2006 to shareholders of record at the close of business on November 15, 2006. Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 29.9 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or , group life, long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. and disability plans, and medical management capabilities. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans and government-sponsored plans. www.aetna.com. |
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