UnitedHealth Group, with operations in Hartford, is boosting its dividend 30 percent and renewing a stock buyback program.
The Minnetonka, Minn., health insurer says it will pay 16.25 cents a share on June 21 to stockholders on record as of June 7. The previous dividend was 15 cents a share.
UnitedHealth’s board also renewed its share repurchase program, authorizing the purchase of 110 million common shares over time.
As of April 30 there were 28 million shares remaining under the prior authorization to purchase up to 120 million shares. The company had approximately 1.1 billion common shares outstanding.
