UnitedHealth Group Board Increases Shareholder Dividend; Renews Share Repurchase Program

UnitedHealth Group UNH today announced that its Board of Directors authorized payment of a cash dividend of $0.2125 per share, to be paid on June 22, 2012, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 15, 2012. This represents an increase over the quarterly dividend of $0.1625 per share the Company paid beginning with the second quarter of 2011. Future dividend payments are subject to Board approval and may be adjusted as business needs or market conditions change. The Board also renewed the Company's Share Repurchase Program, authorizing the purchase of 110 million shares over time. This Board action replaces the May 2011 authorization to purchase up to 110 million shares (or approximately 10 percent of the Company's shares then outstanding). As of May 31, 2012 there were approximately 33 million shares remaining under the prior authorization, and the Company had approximately 1 billion common shares outstanding.