5 Dow Jones Dividend Stocks With Over 1% Yield

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 91
Dividend Yield as of September 18: 1.27%

UnitedHealth Group Incorporated (NYSE:UNH) is an American multinational managed healthcare and insurance company that offers healthcare products and insurance services to consumers. The company reported strong quarterly earnings in Q2, posting revenue of $80.3 billion, up 13% from the same period last year. Its operating cash flow came in at $6.9 billion, compared with $5.3 billion in the previous quarter. Its free cash flow also grew to $6.2 billion, from $4.7 billion in the preceding quarter. The company returned $4 billion to shareholders through dividends and share repurchases.

UnitedHealth Group Incorporated (NYSE:UNH) started paying annual dividends in 1990 and shifted to quarterly dividends in 2010. Since then, the company has raised its payouts every year. It currently pays a quarterly dividend of $1.65 per share and has a yield of 1.27%, as recorded on September 18.

In September, Deutsche Bank raised its price target on UnitedHealth Group Incorporated (NYSE:UNH) to $569 and maintained its Buy rating on the shares. The firm highlighted the company’s partnership with Walmart, which would help it improve its revenue.

GQG Partners owned $1.6 billion worth of stakes in UnitedHealth Group Incorporated (NYSE:UNH), becoming the company’s leading stakeholder in Q2 2022. Overall, 91 hedge funds owned stakes in the company in Q2, with a total value of roughly $11 billion.

Baron Funds mentioned UnitedHealth Group Incorporated (NYSE:UNH) in its Q2 2022 investor letter. Here is what the firm has to say:

“UnitedHealth Group Incorporated is a leading diversified health and wellbeing company whose divisions include insurance arm, United Healthcare and health care services arm, Optum, which offers care delivery and other services. Shares increased 1.1% on strong first quarter results (revenues were up 14% year-over-year), and the company increased its annual guidance.

The performance was driven by Optum as a result of a growing adoption of value-based solutions. We believe UnitedHealth leads the health care industry in innovation and execution as evidenced by its strong value proposition leading to Medicare Advantage share gains, strong cost controls, and its leadership position in the shift to value-based care.”