By Colin Kellaher
Cigna Corp. on Friday said its board raised the quarterly dividend by 9.8%, to $1.23 from $1.12.
The new payout, equal to $4.92 a year, represents an annual yield of about 1.63% based on Thursday's closing price of $301.53, up from 1.49%.
The Bloomfield, Conn., provider of health services said the increased dividend is payable March 23 to shareholders of record March 8.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
02-03-23 0626ET