UnitedHealth Group Inc. said Wednesday it has raised its quarterly dividend by 20%, to $1.08 a share from 90 cents a share. The diversified health care company's new dividend will be payable June 25 to shareholders of record on June 17. Based on Tuesday's stock closing price of $240.76, the new annual dividend rate implies a dividend yield of 1.79%, compared with the dividend yield for the SPDR Health Care Select Sector ETF of 1.58% and the implied yield for the S&P 500 of 2.06% and the Dow Jones Industrial Average of 2.14%, according to FactSet. UnitedHealth's stock, which was still inactive in premarket trading, has lost 1.5% over the past 12 months, while the Dow has gained 2.2%.
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