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UnitedHealth Group Incorporated Dividend Analysis

UNH

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Dividend86

Does UnitedHealth Group (UNH) pay a dividend?

Well-covered dividend compounder

Yes. UnitedHealth Group (UNH) pays a dividend: $9.06 per share over the last twelve months, a dividend yield of 2.23% at the latest close.

It has raised its dividend per share for 16 years in a row, growing at 12.6% a year over the last 5 years. The payout takes about 51.4% of earnings.

Based on TTM and annual data · Not a buy/sell signal

Score Breakdown

83

Safety

40% of composite

Earnings Payout80
51.4%Sustainable
FCF Coverage85
2.8xHealthy buffer
100

Growth

35% of composite

Dividend Streak100
16YExceptional
Growth Rate100
12.6%Strong compounder
70

Income

25% of composite

Cash Yield (TTM)70
2.23%Moderate

Composite = Safety (83) × 0.40 + Growth (100) × 0.35 + Income (70) × 0.25 = 86

Dividend Safety

Earnings Payout

51.4%

FCF Payout

35.8%

FCF Coverage

2.8x

Dividend Growth

Per Share (TTM)

$9.06

Growth Streak

16 years

5Y CAGR

12.6%

Dividend history

Dividend per share by fiscal year
Fiscal yearPer shareChange
2025$8.73+6.7%
2024$8.18+12.2%
2023$7.29+13.9%
2022$6.40+14.3%
2021$5.60+15.9%
2020$4.83+16.7%
2019$4.14+20.0%
2018$3.45+20.0%
2017$2.88+21.1%
2016$2.38+26.7%

Newest 10 of 19 fiscal years; the chart above has the full series. Each payment counts toward the fiscal year it is paid for, so a final dividend paid in spring belongs to the year before. Figures are adjusted for stock splits, so a fall is a cut.

Computed from SEC filings. Ex-dividend and payment dates are not part of those filings, so they are not shown here. This is analysis, not investment advice.

Dividend Income

Annual DPS (TTM)

$9.06

Annual Income / $10K

$223

Payment frequency, ex-dividend and payment dates are not available from SEC filings. Check your broker or the company's investor relations page for the schedule.

Yield History

UnitedHealth Group (UNH) dividend: yield, safety and growth

Frequently asked

Does UnitedHealth Group (UNH) pay a dividend, and how much?+

Yes, UnitedHealth Group pays a regular dividend of about $9.06 per share per year (a yield of roughly 2.2%). That is a payout ratio of about 51.4% of earnings, so it is comfortably covered by free cash flow. A low headline yield is not the same as a weak dividend: what matters is how well earnings and cash flow cover the payout, not the percentage alone. The full payout history and per-share figures are on this dividends tab.

Is UnitedHealth Group's dividend safe?+

UnitedHealth Group's dividend looks comfortably covered by free cash flow, with free cash flow covering the payout about 2.8 times over. Intrinsiqq scores its dividend safety at 83 out of 100, weighing the payout ratio, free-cash-flow coverage and balance-sheet strength. Safety matters more than yield: a payout you can rely on beats a high one you cannot.

Has UnitedHealth Group grown its dividend?+

UnitedHealth Group has raised its dividend for about 16 years in a row. Over the past five years the dividend has grown at roughly 12.6% a year. Consistent growth is one of the strongest signals of a durable, shareholder-friendly business, so read the streak alongside coverage on this tab.

What is UnitedHealth Group's dividend payout ratio?+

UnitedHealth Group pays out about 51.4% of its earnings as dividends. A lower payout ratio leaves more room to keep raising the dividend and to absorb a bad year, while a very high ratio can signal a payout under pressure. On this measure the dividend is comfortably covered by free cash flow. See the dividend-safety breakdown for the free-cash-flow view, which is often more telling than earnings.

SourceDividend analysis computed from the 10-Q filed 30 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 4 Nov 2026. How this is calculated.

Fiscal year ends Dec. Earnings payout = dividends / net income. FCF payout = dividends / FCF. Yield = TTM DPS / price.

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Held by ETFs

UNH is in 438 US ETFs. The largest of them, with UNH's weight in each:

Spot a number that looks wrong? Check it in UNH's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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