AET - Ex-Dividend Alert: Aetna Has an Annualized Pay-Out of $2.00 Per Share; Will Trade Ex-Dividend on July 24 2018
LONDON, UK / ACCESSWIRE / July 23, 2018 /
Active-Investors has a free review on Aetna Inc. (NYSE: AET) following the Company's announcement that it will begin trading ex-dividend on July 24, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 23, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on AET:
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Dividend Declared
On May 18, 2018, Aetna's Board of Directors declared a quarterly cash dividend of $0.50 per share on its common stock. The dividend is payable on August 01, 2018, to shareholders of record at the close of business on July 25, 2018.
Aetna's indicated dividend represents a yield of 1.05%, which is substantially higher than the average dividend yield of 0.66% for the Healthcare sector.
Dividend Insights
Aetna has a dividend payout ratio of 18.1%, which indicates that the Company spends approximately $0.18 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Aetna is forecasted to report earnings of 12.09 per share for the next year, which is more than six times higher than the Company's annualized dividend payout of $2.00 per share.
Aetna's cash and short-term investments were approximately $10.40 billion at March 31, 2018, compared to $6.36 billion at December 31, 2017. For the three months ended March 31, 2018, the Company's net cash provided by operating activities were $3.34 billion compared to $899 million in the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.
Recent Development for Aetna
On June 22, 2018, the State of Kansas notified Aetna that it has awarded a Medicaid managed care contract to Aetna Better HealthSM of Kansas.
Starting on January 01, 2019, Aetna Better Health of Kansas will offer Medicaid benefits to enrollees statewide in the KanCare Medicaid managed care program. KanCare serves parents, pregnant women and children, individuals with intellectual/developmental or physical disabilities and individuals over the age of 65 with a comprehensive benefit package that includes long-term services and supports and behavioral health care.
About Aetna Inc.
Aetna is one of the United States' leading diversified health care benefits companies, serving an estimated 40.3 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services, and health information technology products and services.
Stock Performance Snapshot
July 20, 2018 - At Friday's closing bell, Aetna's stock declined 1.48%, ending the trading session at $187.22.
Volume traded for the day: 6.39 million shares, which was above the 3-month average volume of 1.90 million shares.
Stock performance in the previous three-month period — up 5.82%; past twelve-month period — up 20.22%; and year-to-date — up 3.79%
After last Friday's close, Aetna's market cap was at $62.58 billion.
Price to Earnings (P/E) ratio was at 17.29.
The stock has a dividend yield of 1.07%.
The stock is part of the Healthcare sector, categorized under the Health Care Plans industry.
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