UnitedHealth Boosts Dividend as Health Overhaul Drags on Shares – Health Insurance
Health, Insurance Wednesday, May 26th, 2010
UnitedHealth
May 26 (Bloomberg) — UnitedHealth Group Inc., the largest health insurer by sales, will raise its annual dividend 17-fold, to 50 cents from 3 cents, as the company tries to assuage investor worries about the U.S. health-care law.
UnitedHealth’s board approved a quarterly cash dividend of 12.5 cents a share, the Minnetonka, Minnesota-based company said in statement today. The first payment will be given on June 21 to shareholders of record as of June 7. Future quarterly dividends still have to be approved by the board, spokesman Donald Nathan said in a telephone interview.
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