Universal Insurance Holdings Inc (UVE) To Go Ex-Dividend on May 8th

Universal Insurance Holdings Inc (NYSE:UVE) announced a quarterly dividend on Friday, April 10th. Stockholders of record on Friday, May 8th will be given a dividend of 0.16 per share by the insurance provider on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 8th.

Universal Insurance has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Universal Insurance to earn $4.40 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 14.5%.

Universal Insurance Stock Performance

Shares of UVE stock opened at $39.75 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.51 and a current ratio of 0.51. Universal Insurance has a one year low of $21.96 and a one year high of $41.96. The company’s 50-day simple moving average is $34.89 and its 200-day simple moving average is $32.92. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 5.89 and a beta of 0.77.

Universal Insurance (NYSE:UVE) last announced its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $2.00 earnings per share for the quarter, beating 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 firm had revenue of $398.16 million during the quarter, compared to analyst estimates of $481.09 million. Equities analysts anticipate that Universal Insurance will post 4.75 earnings per share for the current fiscal year.

About Universal Insurance

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.