Healthcare giant UnitedHealth Group (NYSE: UNH) is known for its decent dividend distributions, which provide a source of income for many investors. Despite facing challenges in the first quarter of 2024, including a cyberattack on subsidiary Change Healthcare and a charge related to the sale of its Brazil operations, UnitedHealth Group remains committed to delivering healthy dividends to its shareholders.
The company has a history of consistently raising its dividend every four quarters, even during difficult times such as the COVID-19 crisis. Recently, UnitedHealth Group’s board of directors decided to maintain the pattern of annual dividend raises by increasing the quarterly dividend to $2.10 per share, up from $1.88 per quarter previously.
With a forward annual dividend yield of 1.5%, UnitedHealth Group’s dividend payments are in line with the average for the healthcare sector. This decision reflects the company’s financial stability and commitment to its shareholders.
While UnitedHealth Group may face challenges in the future, its dividend payments provide a source of income for investors and demonstrate the company’s resilience in challenging times. Considering the company’s track record of dividend increases and commitment to shareholder value, UnitedHealth Group remains a solid choice for investors looking for stable dividend income.