MINNETONKA, Minn.--(BUSINESS WIRE)--
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.”
About UnitedHealth Group
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 www.unitedhealthgroup.com.
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Brett Manderfeld, 952-936-7216
Source: UnitedHealth Group