UnitedHealth Group Board Increases Shareholder Dividend 34%; Renews Share Repurchase Program
UnitedHealth Group (NYSE: UNH) announced today that its Board of Directors authorized payment of a cash dividend of $0.375 per share, to be paid on June 25, 2014, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 16, 2014. This represents a 34 percent increase over the quarterly dividend of $0.28 per share the Company has paid beginning with the second quarter of 2013. Future dividend payments are subject to Board approval and may be adjusted as business needs or market conditions change.
The Board also renewed the Company’s Share Repurchase Program, authorizing the purchase of 100 million shares over time. This Board action replaces the remainder of the June 2013 authorization. As of May 31, 2014, there were approximately 63 million shares remaining under the prior authorization, and the Company had approximately one billion common shares outstanding.
David S. Wichmann, executive vice president and chief financial officer, UnitedHealth Group, said, “As we serve more people in increasingly diverse ways across health care, we are also able to grow our business and return more capital to our shareholders.”
UnitedHealth Group (NYSE: UNH) is a diversified health and well-being company dedicated to helping people live healthier lives and making health care work better. With headquarters in Minnetonka, Minn., UnitedHealth Group offers a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. Through its businesses, UnitedHealth Group serves more than 85million people worldwide. For more information, visit UnitedHealth Group at .