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

February 03, 2023 06:26 ET (11:26 GMT)

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