Universal Insurance Holdings, Inc. (NYSE:UVE) Plans Quarterly Dividend of $0.16


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Universal Insurance Holdings, Inc. (NYSE:UVE) announced a quarterly dividend on Monday, March 1st, Zacks reports. Shareholders of record on Thursday, March 11th will be paid a dividend of 0.16 per share by the insurance provider on Thursday, March 18th. This represents a $0.64 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Wednesday, March 10th.

Universal Insurance has raised its dividend payment by 14.3% over the last three years.

Shares of NYSE:UVE opened at $15.60 on Monday. The business’s 50 day moving average is $14.48 and its 200 day moving average is $15.01. Universal Insurance has a 12-month low of $10.84 and a 12-month high of $23.44. The stock has a market cap of $486.81 million, a price-to-earnings ratio of -37.14 and a beta of 1.08. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02.

Universal Insurance (NYSE:UVE) last issued its quarterly earnings data on Thursday, February 25th. The insurance provider reported ($0.84) earnings per share for the quarter, beating the consensus estimate of ($1.69) by $0.85. Universal Insurance had a negative return on equity of 10.94% and a negative net margin of 1.38%. As a group, equities research analysts expect that Universal Insurance will post 0.3 earnings per share for the current year.

About Universal Insurance

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential homeowner's insurance. It also offers personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages.

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Dividend History for Universal Insurance (NYSE:UVE)

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