UnitedHealth Group (UNH) continues impressive dividend streak
A 11.7% dividend hike in 2024 and 15 straight years of double digit growth
UnitedHealth Group (UNH) has announced an increase in its quarterly dividend, raising it by 11.7% to $2.10 per share. This marks the 15th consecutive year that the company has increased its dividend, reflecting its commitment to returning value to shareholders. Even more impressive: the dividend has been hiked by double digits every year since 2010. Last week we pre-announced this upcoming dividend hike by UNH with analysts on average expecting a much smaller 8.5% hike. That was far too conservative.
UNH annual dividend hikes:
2024: 11.7%
2023: 13.9%
2022: 13.8%
2021: 16.0%
2020: 15.7%
With the latest hike, the dividend yield for UnitedHealth Group stands at approximately 1.5%, based on the current stock price of $502.71. This increase underscores the company’s strong financial performance and its confidence in sustained growth.
UnitedHealth Group continues to focus on delivering consistent and reliable returns to its shareholders. The company’s history of annual dividend increases highlights its long-term stability and attractiveness to income-focused investors.
Key Highlights:
Dividend Increase: 11.7%
New Quarterly Dividend: $2.10 per share
Annual payment: $7.7 billion
Consecutive Years of Increase: 15
5 year CAGR: 14.2%
Dividend Yield: 1.5%
Current Stock Price: $502.71
This latest announcement is a positive development for shareholders, reinforcing UnitedHealth Group's position as a leading player in the healthcare industry. UnitedHealth now has a market cap of $463 billion.
At its regular quarterly meeting, the Board authorized payment of a cash dividend of $2.10 per share, to be paid June 25, 2024, to common stock shareholders of record as of the close of business June 17, 2024.
UnitedHealth Group is a diversified healthcare company that operates through two primary segments: UnitedHealthcare and Optum. UnitedHealthcare provides health benefits and insurance services to individuals and employers, offering a range of plans and services. Optum focuses on health services, including pharmacy care services, data analytics, and healthcare consulting, aiming to improve overall healthcare delivery and efficiency. Together, these segments work to enhance the health and well-being of individuals and communities.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.