U.S. Markets open in 48 mins

News Summary: WellPoint board OKs dividend hike

The Associated Press

BIGGER PAYOUT: Health insurer WellPoint Inc. said Thursday its board authorized a 30 percent dividend increase. The new quarterly dividend of 37.5 cents per share is payable March 25 to shareholders of record at the close of business on March 8. The new dividend adds up to $1.50 annually.

OLD PAYOUT: WellPoint's fourth-quarter dividend was 28.7 cents per share.

ABOUT WELLPOINT: The nation's second-largest health insurer runs Blue Cross Blue Shield plans in several states, including California and New York.