Aetna Inc (AET) to Issue Quarterly Dividend of $0.50 on August 1st
Aetna Inc (NYSE:AET) announced a quarterly dividend on Friday, May 18th, RTT News reports. Stockholders of record on Wednesday, July 25th will be paid a dividend of 0.50 per share on Wednesday, August 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, July 24th.
Aetna has increased its dividend by an average of 24.8% annually over the last three years. Aetna has a dividend payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Aetna to earn $12.21 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 16.4%.
Shares of Aetna opened at $191.33 on Thursday, MarketBeat Ratings reports. The stock has a market cap of $62.65 billion, a PE ratio of 18.58, a PEG ratio of 1.62 and a beta of 0.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.73 and a quick ratio of 0.73. Aetna has a 52-week low of $149.69 and a 52-week high of $194.40.
Several equities research analysts recently weighed in on the company. ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Cantor Fitzgerald upgraded Aetna from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 1st. Zacks Investment Research upgraded Aetna from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, Credit Suisse Group reduced their target price on Aetna from $208.00 to $194.00 and set a “neutral” rating for the company in a report on Monday, May 14th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Aetna presently has a consensus rating of “Buy” and a consensus target price of $196.36.
Aetna Company Profile
Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.
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