UnitedHealth Group Inc. said Wednesday it will raise its quarterly dividend 25% to 62.5 cents a share from 50 cents. The new dividend will be payable June 28 for shareholders of record on June 17. Based on the stock’s closing price of $136.94 on Tuesday, the new dividend would imply an annual dividend yield of 1.83%, compared with an aggregate Dow Jones Industrial Average yield of 2.49%, according to FactSet. The stock, which was still inactive in premarket trade, has run up 16% year to date, while the Dow has gained 3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News