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