NEW YORK (TheStreet) -- UnitedHealth Group (UNH) shares are up 0.62% to $118.54 in early market trading on Wednesday after the diversified health and well being company raised its quarterly dividend by 33% today.
The company is raising its quarterly dividend to 50 cents per share from 37.5 cents per share.
The dividend is scheduled to be paid June 24 to shareholders of record on June 15.
"We entered 2015 with strong momentum and expect to continue to grow and diversify throughout the year, into 2016 and beyond. Our growth is grounded in our drive to perform better every day on behalf of the people we are privileged to serve while continuing to improve the health care system itself," said CEO David S. Wichmann.
Despite today's news, analyst Gary Morrow of TheStreet believes that UnitedHealth is poised for a sharp pullback.
You can read Morrow's take on the company's prospects here.
TheStreet Ratings team rates UNITEDHEALTH GROUP INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNITEDHEALTH GROUP INC (UNH) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins."