UnitedHealth Group (UNH) - Get Report  raised its quarterly dividend to $1.08 a share, a 20% increase from its previous payout of 90 cents.

The dividend will be payable June 25, to shareholders of record on June 17.

The stock rose 1% to $243.11 in trading on Wednesday. It closed the previous session at $240.76. Based off the closing price, the new dividend yield is 1.79%.

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