Anthem is hiking the quarterly dividend it pays shareholders nearly 43 percent after reporting fourth-quarter results that topped Wall Street expectations.
The nation's second-largest health insurer says it will begin offering a payout of 62.5 cents per share, up from its previous dividend of 43.75 cents per share.
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The Indianapolis company also says its net income more than tripled in the fourth quarter to $506.7 million, or $1.80 per share. Adjusted earnings totaled $1.73 per share, which beat average analyst expectations by a penny.
Anthem Inc. runs Blue Cross-Blue Shield coverage in several states. The insurer changed its name late last year from WellPoint to reflect a brand that is more familiar to consumers in part because it sells coverage on the health care overhaul's public insurance exchanges.