United Fire Group, Inc (UFCS) to Issue Quarterly Dividend of $0.20 on June 19th

United Fire Group, Inc (NASDAQ:UFCS) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 5th will be given a dividend of 0.20 per share by the insurance provider on Friday, June 19th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, June 5th.

United Fire Group has decreased its dividend payment by an average of 0.1%per year over the last three years. United Fire Group has a dividend payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect United Fire Group to earn $4.90 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 16.3%.

United Fire Group Stock Performance

United Fire Group stock opened at $43.70 on Wednesday. United Fire Group has a 52 week low of $25.79 and a 52 week high of $49.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $1.12 billion, a P/E ratio of 8.81 and a beta of 0.52. The stock has a 50-day simple moving average of $41.88 and a 200 day simple moving average of $38.56.

United Fire Group (NASDAQ:UFCS) last posted its quarterly earnings results on Tuesday, May 5th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.29. United Fire Group had a return on equity of 14.65% and a net margin of 9.16%.The business had revenue of $369.44 million during the quarter, compared to analysts’ expectations of $340.16 million. Analysts expect that United Fire Group will post 4.69 earnings per share for the current year.

United Fire Group Company Profile

United Fire Group, Inc (NASDAQ: UFCS) is an insurance holding company based in Cedar Rapids, Iowa, that specializes in property and casualty coverage for commercial and personal lines. The company underwrites business through three primary segments: commercial, personal and specialty insurance. Within the commercial segment, United Fire Group offers tailored policies for small- and medium-sized enterprises, including general liability, commercial property and workers’ compensation. Its personal lines cover homeowners, auto, farm and umbrella policies.

United Fire Group distributes its products primarily through a national network of independent insurance agents and brokers.