UnitedHealth declares annual dividend |
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Wed, 31 Jan 2007 22:41
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MINNEAPOLIS (AFX) - Health insurance provider UnitedHealth Group Inc. said Wednesday its board declared an annual dividend of 3 cents per share, payable April 16 to shareholders of record at April 2.The board also approved changes to the company's bylaws to have directors serve one-year terms, with each director standing for election at each annual meeting. The board also proposed that shareholders vote to elect directors by majority vote.If these changes are approved by the shareholders, directors would be required to receive a majority of the votes cast in a director election, except in contested elections. The company will retain its existing director resignation policy, under which incumbent directors who fail to receive a majority vote in favor of their re-election must submit a resignation for board consideration.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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