UnitedHealth Group Board Increases Shareholder Dividend; Renews Share Repurchase Program
NEW YORK--(BUSINESS WIRE)--Jun 6, 2018--The Board of Directors of UnitedHealth Group (NYSE: UNH) authorized payment of a cash dividend of $0.90 per share, to be paid on June 26, 2018, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 18, 2018. This dividend represents a 20% increase over the quarterly dividend of $0.75 per share the Company paid in the second quarter of 2017, an increase consistent with the company’s pacing of recent years. 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 over time of 100 million shares, or approximately 10 percent of the shares outstanding. This Board action replaces the June 2014 authorization, under which there were approximately 29 million shares remaining as of May 31, 2018.
About UnitedHealth Group UnitedHealth Group (NYSE: UNH) is a diversified health and well-being company dedicated to helping people live healthier lives and helping make the health system work better for everyone. 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. For more information, visit UnitedHealth Group at www.unitedhealthgroup.com or follow @UnitedHealthGrp on Twitter.
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CONTACT: UnitedHealth Group
John Penshorn, 952-936-7214
Senior Vice President
Brett Manderfeld, 952-936-7216
Tyler Mason, 424-333-6122
KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA NEW YORK
INDUSTRY KEYWORD: HEALTH HOSPITALS PROFESSIONAL SERVICES INSURANCE GENERAL HEALTH MANAGED CARE
SOURCE: UnitedHealth Group
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PUB: 06/06/2018 06:50 AM/DISC: 06/06/2018 06:50 AM