Things may finally be looking up for UnitedHealth (UNH). Shares of the largest health insurer in the United States popped more than 5% in yesterday's trading session after leading broker Bank of America upgraded the company to a “Buy” from “Neutral.” The firm also increased its price target on the stock to $450 from $420, which would entail an upside potential of 12% from current levels.
Even more good news awaited its shareholders when the company recently raised its dividend by 5% to $2.32 per share. Notably, UnitedHealth has been raising dividends consecutively over the past 16 years, and with the latest rise, its stock now offers a dividend yield of 2.34%. Valued at a market cap of $360 billion, UNH stock is up 21.7% on a YTD basis.
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Even more good news awaited its shareholders when the company recently raised its dividend by 5% to $2.32 per share. Notably, UnitedHealth has been raising dividends consecutively over the past 16 years, and with the latest rise, its stock now offers a dividend yield of 2.34%. Valued at a market cap of $360 billion, UNH stock is up 21.7% on a YTD basis.
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