UnitedHealth Group Inc. (UNH
) announced on Wednesday that it has raised its dividend by 34% and has renewed its share buyback program.
UNH has boosted its dividend from 28 cents to 37.5 cents per share. The next dividend will be paid on June 25 to shareholders of record June 16.
The company also noted that it has renewed its share buyback program, setting an authorization of 100 million shares.
David Wichmann, UNH’s executive vice president and CFO commented: “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.”
UNH Dividend SnapshotAs market close on June 3, 2014
Click here to see the complete history of UNH dividends.
UnitedHealth Group shares were up $1.12, or 1.40%, during pre-market trading Wednesday. The stock is up 6.08% YTD.
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