Univest Corporation of Pennsylvania to Issue Quarterly Dividend of $0.23 (NASDAQ:UVSP)

Univest Corporation of Pennsylvania (NASDAQ:UVSP) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.23 per share by the financial services provider on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, August 5th.

Univest Corporation of Pennsylvania has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Univest Corporation of Pennsylvania has a payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Univest Corporation of Pennsylvania to earn $3.75 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 24.5%.

Univest Corporation of Pennsylvania Price Performance

NASDAQ UVSP opened at $43.79 on Thursday. The firm’s fifty day simple moving average is $41.86 and its two-hundred day simple moving average is $37.35. The firm has a market capitalization of $1.22 billion, a P/E ratio of 13.15 and a beta of 0.66. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. Univest Corporation of Pennsylvania has a 12-month low of $27.91 and a 12-month high of $45.46.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $84.35 million for the quarter, compared to analysts’ expectations of $86.66 million. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. Analysts forecast that Univest Corporation of Pennsylvania will post 3.6 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.