UnitedHealth Board OKs Quarterly Dividend Raise

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(credit: UnitedHealth Group)

(credit: UnitedHealth Group)

CBS Minnesota (con't)

Affordable Care Act Updates: CBSMinnesota.com/ACA

Health News & Information: CBSMinnesota.com/Health

MINNETONKA, Minn. (AP) — UnitedHealth Group is raising its quarterly dividend by another 32 percent, to 28 cents per share.

The new payout represents an increase of nearly 7 cents from the insurer’s current dividend of 21.25 cents. The largest U.S. health insurer says the dividend will be paid on June 21 to all shareholders of record as of the close of business June 14.

The company says the new dividend reflects the company’s growth and consistent financial performance.

The quarterly payout was raised from 16.25 cents to 21.25 cents per share just one year ago.

UnitedHealth Group Inc. initiated quarterly payments in 2010 at 12.5 cents per share, becoming the first major health insurer to give shareholders more than a token dividend.

Company shares hit an all-time high last week.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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