Growth at UnitedHealth Drives Quarterly Dividend Up 30%

Health insurer UnitedHealth will raise the quarterly dividend it pays to shareholders by more than 30 percent due to strong growth across its businesses, according to a KTAR report.

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The largest U.S. health insurer said Wednesday that its board authorized a quarterly payout of 21.25 cents per share on June 22. That’s up from a previous dividend of 16.25 cents per share.

UnitedHealth reported net income of $1.39 billion, or $1.31 per share, on $27.28 billion in revenue in the first quarter. Medical enrollment almost climbed 3 percent to 35.6 million people, which helped balance price hikes from care providers that drove up the payor’s costs.

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