Aetna Doubles Dividend; Buys Back $4B Shares

Aetna has so much cash burning a hole in their balance sheet that they decided to do something about it.  Since the company sees Obamacare death spiraling, they think it’s best to pay their investors and buy their own stock, apparently.

Aetna Reports Additional $4B Buyback

Aetna Doubles Quarterly Cash Dividend From $0.25 To $0.50/Share

The news was initially greeted with a spectacular intra-day spike higher, but much of the move in $AET was given back.

Insurance companies are minting coin on the backs of the young and healthy but investment opportunities appear limited.  Therefore, the cash is being awarded to investors–not their workers–of course.

BULLISH