Universal Insurance Holdings Inc (UVE) to Distribute Quarterly Dividend of $0.16 on August 7th

Universal Insurance Holdings Inc (NYSE:UVEGet Free Report) declared a quarterly dividend on Wednesday, July 8th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.16 per share by the insurance provider on Friday, August 7th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, July 31st.

Universal Insurance has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Insurance to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 13.6%.

Universal Insurance Stock Up 0.0%

Shares of UVE opened at $41.77 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.17. Universal Insurance has a 12 month low of $21.96 and a 12 month high of $43.96. The stock’s 50 day moving average is $39.18 and its two-hundred day moving average is $35.19. The firm has a market cap of $1.17 billion, a P/E ratio of 6.19 and a beta of 0.72.

Universal Insurance (NYSE:UVEGet Free Report) last announced its earnings results on Thursday, April 23rd. The insurance provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.61. Universal Insurance had a return on equity of 37.51% and a net margin of 12.22%.The business had revenue of $398.16 million during the quarter, compared to the consensus estimate of $481.09 million. Analysts predict that Universal Insurance will post 4.63 earnings per share for the current fiscal year.

Universal Insurance Company Profile

(Get Free Report)

Universal Insurance Holdings, Inc (NYSE: UVE) is a property and casualty insurance holding company headquartered in Jacksonville, Florida. The company underwrites homeowners and other residential property insurance products to protect against natural catastrophes such as hurricanes, windstorms and fires. It distributes policies primarily through a network of independent agents and brokers, offering coverage for primary residences, secondary homes, condominiums, vacant dwellings and rental properties across its service territory.

In addition to personal lines, Universal provides commercial property and casualty insurance tailored to small businesses and institutional clients.

Further Reading

Dividend History for Universal Insurance (NYSE:UVE)

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