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UnitedHealth hikes dividend, renews buyback plan

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UnitedHealth hikes dividend, renews buyback plan

UnitedHealth Group Inc.'s board has declared a quarterly dividend of 90 cents per share, up 20% from the previous payout of 75 cents per share.

The dividend will be paid June 26 to shareholders of record as of the close of business June 18.

The board also renewed the company's stock repurchase program, authorizing the purchase of 100 million shares, or approximately 10% of the shares outstanding. The program replaced a June 2014 authorization, under which there were approximately 29 million shares remaining as of May 31.