On 7 June, UnitedHealth (UNH) increased its quarterly dividend by 11.7%, from $1.88 to $2.10 per share.
The dividend will be paid on 25 June to shareholders of record on 17 June. The ex-dividend date is 17 June.
UNH's contribution to DivGro's projected annual dividend income will increase by $44 to $420.
I own 50 shares of UNH at an average cost basis of $234.48 per share. Following this increase, my yield on cost is 3.58%. (UNH's forward yield is 1.73% at $486.32 per share).
Since I opened my UNH position in January 2014, the stock has produced annualized total returns of 27%, including $1,541.83 in dividend income.
UNH became DivGro's 8th Home Run stock in April 2017, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $4.14 | $4.83 | $5.60 | $6.40 | $7.29 | ⬆ | $8.18✝ |
| 20.00% | 16.67% | 15.94% | 14.29% | 13.91% | ⬇ | 12.21% |
| 5-year DGR: | 16.14% | ⬇ | 14.59% | |||
✝projected, assuming no further changes
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