UnitedHealth Group hikes dividend by 13.8%

UnitedHealth Group (UNH) on June 8, 2022 announced a 13.8 percent dividend increase to $1.65 quarterly per share. This comes on the back of a 16 percent hike to $1.45 per share in 2021 by the health and well-being company. This will mark 11 consecutive years of increased dividends by UNH.

At its regular quarterly meeting, the Board authorized payment of a cash dividend of $1.65 per share, to be paid June 28, 2022, to common stock shareholders of record as of the close of business June 20, 2022. A new annualized dividend rate of $6.60 per share yields 1.3% at a stock price of $489.

UnitedHealth Group Incorporated is a health and well-being company. The company provides employers products and resources to plan and administer employee benefit programs. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum. Optum is a health services business serving the healthcare marketplace, including payers, care providers, employers, governments, life sciences companies and consumers. UnitedHealth started paying annual dividends in 1990, and switched to quarterly dividend payments in June 2010.