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WellPoint board OKs dividend hike

WellPoint Inc. said it plans to raise the quarterly dividend it pays shareholders by 30 percent, an announcement that comes about week after the health insurer's stock started slipping after it named a new CEO.

By Tom Murphy | Updated on February 21, 2013

INDIANAPOLIS (AP) — WellPoint Inc. said it plans to raise the quarterly dividend it pays shareholders by 30 percent, an announcement that comes about week after the health insurer’s stock started slipping after it named a new CEO.

The Indianapolis company said Thursday that it will pay a dividend of 37.5 cents per share in the first quarter, up from its fourth-quarter payout of 28.7 cents per share. The new dividend is payable March 25 to shareholders of record at the close of business on March 8.

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