UnitedHealth Board OKs Quarterly Dividend Raise

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 This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From WCCO | CBS Minnesota

Goin' To The Lake
The Leaderboard

Listen Live