Health insurer UnitedHealth Group Inc. will raise the quarterly dividend it pays shareholders by more than 30 percent due in part to strong growth across its businesses. It also authorized a stock buyback.
The largest U.S. health insurer said Wednesday that its board authorized a quarterly payout of 21.25 cents per share on June 22 to shareholders of record as of June 15. That's up from the previous dividend of 16.25 cents per share.
The new dividend will produce a yield of about 1.5 percent based on Tuesday's stock closing price of $56.04. The dividend yield is calculated by dividing the annual dividend by the company's stock price.
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