UnitedHealth Group (UNH) will raise its quarterly dividend by another 20.0 percent to $1.08 per share in 2019. Last year UNH also hiked its dividend by 20.0 percent, marking the 9th consecutive year of double digit dividend increases.

The next dividend will be paid on June 25, 2019, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 17, 2019. A new annualized dividend rate of $4.32 per share yields 1.8% at a stock price of $241.

UnitedHealth Group Incorporated is a health and well-being company. The company provides employers products and resources to plan and administer employee benefit programs. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum. Optum is a health services business serving the healthcare marketplace, including payers, care providers, employers, governments, life sciences companies and consumers. UnitedHealth started paying annual dividends in 1990, and switched to quarterly dividend payments in June 2010.