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Aetna announces big dividend, profit jumps 30 pct
San Francisco Chronicle

Shares of Aetna Inc. shot up 11 percent in early trading Friday after the health insurer announced a significantly higher dividend payment for shareholders and predicted its 2011 profit will be much bigger than what Wall Street expects.

The Hartford, Conn., company also said its fourth-quarter net income rose 30 percent due in part to better pricing and a slowdown in health care use that also has helped its competitors in the last few months of 2010.

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