Dow Component UnitedHealth Group (UNH) To Go Ex-dividend Tomorrow

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 72.0 points (-0.4%) at 17,039 as of Tuesday, Sep 9, 2014, 10:36 a.m. ET. During this time, 58.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 296.1 million. The NYSE advances/declines ratio sits at 706 issues advancing vs. 2,158 declining with 176 unchanged.
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Wednesday, September 10, 2014 is the ex-dividend date for Dow component UnitedHealth Group (NYSE: UNH). Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $88 as of 10:36 a.m. ET, the dividend yield is 1.7% compared to the average Dow component yield of 2.6%.

The average volume for UnitedHealth Group has been 3.7 million shares per day over the past 30 days. UnitedHealth Group has a market cap of $85.26 billion and is part of the health care sector and health services industry. Shares are up 16.8% year-to-date as of Monday's close.

UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company has a P/E ratio of 16.1, equal to the average health services industry P/E ratio.
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TheStreet Ratings rates UnitedHealth Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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