BETHESDA, Md. (AP) — Health insurer Coventry Health Care Inc. said Monday it will pay its first quarterly cash dividend in April.
Coventry said it will pay a dividend of 12.5 cents on April 9 to shareholders of record on March 23. It said the cash dividend will be the first in its history.
Chairman and CEO Allen Wise said the company's strong balance sheet allows Coventry to pay a dividend, consider strategic acquisitions, and buy back shares.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
