UnitedHealth Group Board Increases Shareholder Dividend; Renews Share Repurchase Program
MINNETONKA, Minn.--(BUSINESS WIRE)-- UnitedHealth Group (UNH) today announced that its Board of Directors authorized payment of a cash dividend of $0.2125 per share, to be paid on June 22, 2012, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 15, 2012. This represents an increase over the quarterly dividend of $0.1625 per share the Company paid beginning with the second quarter of 2011. Future dividend payments are subject to Board approval and may be adjusted as business needs or market conditions change.
The Board also renewed the Companys Share Repurchase Program, authorizing the purchase of 110 million shares over time. This Board action replaces the May 2011 authorization to purchase up to 110 million shares (or approximately 10 percent of the Companys shares then outstanding). As of May 31, 2012 there were approximately 33 million shares remaining under the prior authorization, and the Company had approximately 1 billion common shares outstanding.
David S. Wichmann, executive vice president and chief financial officer, UnitedHealth Group, stated, The Boards actions are grounded in the solid growth we are experiencing across our enterprise, reflecting the diversity of the health benefits and health services we bring to market, the complementary way our businesses work together and the value our clinical management, information and technology contribute to health consumers and the health care system.
About UnitedHealth Group
UnitedHealth Group 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 75 million people worldwide. Visit www.unitedhealthgroup.com for more information.
John Penshorn, 952-936-7214
Brett Manderfeld, 952-936-7216
Don Nathan, 952-936-1885
Tyler Mason, 714-226-3530
Source: UnitedHealth GroupCopyright Business Wire 2012