News Headlines Article

Insurer UnitedHealth sharply raises dividend
San Francisco Chronicle

UnitedHealth Group is sharply raising the dividend it pays shareholders, a move that may fuel criticism of an industry that has reaped strong profits while health care costs have soared.

UnitedHealth, which is the largest publicly-traded health insurer based on revenue, will spend about $560 million over the next 12 months on quarterly dividends of 12.5 cents per share. That equates to 50 cents a year and compares with the company’s current annual dividend of 3 cents per share, or a total of about $35 million.