By Colin Kellaher
Elevance Health Inc. on Wednesday said its board raised the quarterly dividend by 16%, to $1.48 from $1.28.
The new payout, equal to $5.92 a year, represents an annual yield of about 1.24% based on Tuesday's closing price of $478.52, up from 1.07%.
The Indianapolis health insurer said the increased dividend is payable March 24 to shareholders of record March 10.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
01-25-23 0626ET