DEBT AND EQUITIES
UnitedHealth Group Inc., Minnetonka, said its board of directors authorized a cash dividend of 28 cents per common share, an increase from 21.25 cents, payable June 26 to shareholders of record on June 17. The company also renewed its share repurchase program, authorizing the purchase of 110 million shares over time. This action replaces the remainder of the June 2012 authorization. As of May 31, about 63 million shares remained under the prior authorization, and the company had about 1 billion common shares outstanding.
Urologix Inc., Plymouth, said that its board of directors has authorized the transfer of the company's common stock to the OTC Market Group's OTCQB Marketplace from the Nasdaq Capital Market. Urologix expects that its stock will begin trading on the OTCQB under the ticker symbol ULGX on Friday. Urologix is subject to delisting from the Nasdaq because it falls short of the market's requirements for minimum bid price and minimum shareholder equity.
