United Healthcare 2008 Annual Report Download - page 36

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET PRICES
Our common stock is traded on the New York Stock Exchange (NYSE) under the symbol UNH. On February 4,
2009, there were 14,183 registered holders of record of our common stock. The per share high and low common
stock sales prices reported by the NYSE were as follows:
High Low
2009
First quarter (through February 4, 2009) ............................................ $30.25 $23.77
2008
First quarter .................................................................. $57.86 $33.57
Second quarter ................................................................ $38.33 $25.50
Third quarter ................................................................. $33.49 $21.00
Fourth quarter ................................................................ $27.31 $14.51
2007
First quarter .................................................................. $57.10 $50.51
Second quarter ................................................................ $55.90 $50.70
Third quarter ................................................................. $54.10 $45.82
Fourth quarter ................................................................ $59.46 $46.59
DIVIDEND POLICY
Our Board of Directors established our dividend policy in August 1990. Pursuant to our dividend policy, our
Board of Directors reviews our consolidated financial statements following the end of each fiscal year and
decides whether to declare a dividend on the outstanding shares of common stock. On February 3, 2009, our
Board of Directors approved an annual dividend of $0.03 per share, which will be paid on April 16, 2009 to
shareholders of record on April 2, 2009. Shareholders of record on April 2, 2008 received an annual dividend for
2008 of $0.03 per share and shareholders of record on April 2, 2007 received an annual dividend for 2007 of
$0.03 per share.
ISSUER PURCHASES OF EQUITY SECURITIES
Issuer Purchases of Equity Securities (a)
Fourth Quarter 2008
For the Month Ended
Total Number
of Shares
Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Maximum Number
of Shares That May
Yet Be Purchased
Under The Plans or
Programs
October 31, 2008 ....................... 3,320,145(b) $22.38 3,317,220 106,768,839
November 30, 2008 ..................... 939,797 $20.21 939,797 105,829,042
December 31, 2008 ..................... 2,996,758(c) $25.31 2,921,480 102,907,562
TOTAL .......................... 7,256,700 $23.31 7,178,497
(a) In November 1997, our Board of Directors adopted a share repurchase program, which the Board evaluates
periodically. On October 30, 2007, the Board renewed and increased our share repurchase program, and
authorized us to repurchase up to 210 million shares of our common stock at prevailing market prices. There
is no established expiration date for the program.
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