The Dow Jones Crosses 18,000 But These 2 Stocks Are Hitting Lifetime Highs

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The Dow Jones Industrial Average traded above the 18,000 mark on Wednesday after briefly breaching the key level in April. Prior to that the last time the index traded above 18,000 was back in July of last year. The Dow hit a historical all-time high of 18,188.81 last year and if the momentum in the equity markets continues, investors may anticipate a breach of this level during the summer months. Meanwhile, 2 stocks that are represented within the Dow index achieved milestones of their own on Wednesday and hit new historical all-time highs.
UnitedHealth Group
Shares of
UnitedHealth Group IncUNH
were trading higher by nearly 1.50 percent Wednesday morning and hit a new all-time high of $138.96. The company
announced
that it plans on increased its quarterly dividend from $0.50 per share to $0.625 per share. David S. Wichmann, president and chief financial officer, UnitedHealth Group, said in the company's press release, "This increase in our dividend results from the growth generated by our work to elevate our quality and customer satisfaction, while remaining focused on costs and value." UnitedHealth's stock has now gained 18 percent since the start of 2016.
3M3M CoMM
hit a new all-time high of $171.93 early Wednesday morning but the stock quickly retreated and was trading near flat on the day. There is no company specific news that helped boost 3M's stock although the company is
scheduled to speak at Deutsche Bank's Global Industrials and Basic Materials Summit on Thursday.
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Posted In: NewsDavid WichmannDow JonesDow Jones IndexStocks Hitting All Time HighsUnitedHealth
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