UnitedHealth Group Incorporated
UNHHealthcare · Stock · quarterly payer
Forward Yield
2.28%
Annual Dividend
$9.28
Payout Ratio
67%
5-Yr Growth
12.6%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
Summary
As of August 2026, UnitedHealth Group Incorporated (UNH) yields 2.28% ($9.28 per share annually), with a blended fair-value estimate of $575.57 — +41% upside, so it screens as undervalued. Dividend safety grade: A (89/100). 16 years of dividend growth.
Is UNH a good dividend stock?
YesUnitedHealth Group Incorporated (UNH) pays a quarterly dividend yielding 2.28% ($9.28/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
- Strong 12.6% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 1999
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.28%
- Payout Ratio
- 67%
- Annual Dividend
- $9.28
- 5-Yr Avg Growth
- 12.6%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 0.63
- Market Cap
- $369.7B
- P/E Ratio
- 30.7
- 5-Yr Total Return
- -2%
- 52-Week Range
- $252.14 – $461.62
- Dividend Safety
- A · 89/100
- Ever Cut?
- Yes (1999)
Frequently Asked Questions
UNH Price — Last 12 Months
Daily close
Price Return
1 Year
+31%
3 Years
-15%
5 Years
-2%
52-Week Range
$252.14 – $461.62
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is UNH worth?
Undervaluedmedium confidenceOur blended fair-value estimate for UnitedHealth Group Incorporated is $575.57 per share, versus a market price of $407.08. That implies 41% of upside — a margin of safety of about 29%.
Fair Value
$575.57
Current Price
$407.08
Upside
+41%
Margin of Safety
29%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.5% annual free-cash-flow growth. We model 17.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.5% discount rate (CAPM), 17.0% stage-1 growth, 2.5% terminal growth, $13.27 EPS, $9.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
UNH Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $2.3200 | regular |
| Mar 9, 2026 | — | $2.2100 | regular |
| Dec 8, 2025 | — | $2.2100 | regular |
| Sep 15, 2025 | — | $2.2100 | regular |
| Jun 16, 2025 | — | $2.2100 | regular |
| Mar 10, 2025 | — | $2.1000 | regular |
| Dec 9, 2024 | — | $2.1000 | regular |
| Sep 16, 2024 | — | $2.1000 | regular |
| Jun 17, 2024 | — | $2.1000 | regular |
| Mar 8, 2024 | — | $1.8800 | regular |
| Dec 1, 2023 | — | $1.8800 | regular |
| Sep 8, 2023 | — | $1.8800 | regular |
| Jun 15, 2023 | — | $1.8800 | regular |
| Mar 10, 2023 | — | $1.6500 | regular |
Income Calculator
At $9.28 / yr per share
