United Healthcare 2011 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2011 United Healthcare annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

26
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 January 31, 2012, there
were 15,978 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:
2012
First quarter (through February 8, 2012)..............................................................................
2011
First quarter ..........................................................................................................................
Second quarter......................................................................................................................
Third quarter.........................................................................................................................
Fourth quarter.......................................................................................................................
2010
First quarter ..........................................................................................................................
Second quarter......................................................................................................................
Third quarter.........................................................................................................................
Fourth quarter.......................................................................................................................
High
$ 54.18
$ 45.75
$ 52.64
$ 53.50
$ 51.71
$ 36.07
$ 34.00
$ 35.94
$ 38.06
Low
$ 49.82
$ 36.37
$ 43.30
$ 41.27
$ 41.32
$ 30.97
$ 27.97
$ 27.13
$ 33.94
Cash
Dividends
Declared
$ 0.1625
$ 0.1250
$ 0.1625
$ 0.1625
$ 0.1625
$ 0.0300
$ 0.1250
$ 0.1250
$ 0.1250
DIVIDEND POLICY
In May 2011, our Board of Directors increased our cash dividend to shareholders to an annual dividend rate of $0.65 per share,
paid quarterly. Since June 2010, we had paid a quarterly dividend of $0.125 per share. Declaration and payment of future
quarterly dividends is at the discretion of the Board and may be adjusted as business needs or market conditions change.
ISSUER PURCHASES OF EQUITY SECURITIES
Issuer Purchases of Equity Securities (a)
Fourth Quarter 2011
For the Month Ended
October 31, 2011..................................................
November 30, 2011..............................................
December 31, 2011...............................................
Total......................................................................
Total Number
of Shares
Purchased
(in millions)
—
—
19
19
(b)
Average Price
Paid per Share
$ —
$ —
$ 47
$ 47
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
(in millions)
—
—
19
19
Maximum Number
of Shares That May
Yet Be Purchased
Under The Plans or
Programs
(in millions)
84
84
65
(a) In November 1997, our Board of Directors adopted a share repurchase program, which the Board evaluates
periodically. In May 2011, the Board renewed our share repurchase program with an authorization to repurchase up to
110 million shares of our common stock in open market purchases or other types of transactions (including prepaid or
structured repurchase programs). There is no established expiration date for the program. As of December 31, 2011,
we had Board authorization to purchase up to an additional 65 million shares of our common stock.
(b) Shares repurchased in December were purchased under a prepaid share repurchase program based on volume
weighted average share prices for the fourth quarter.