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

Univest Corporation of Pennsylvania (NASDAQ:UVSP) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.23 per share by the financial services provider on Wednesday, November 25th. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, November 10th.

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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Univest Corporation of Pennsylvania to earn $3.92 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 23.5%.

Univest Corporation of Pennsylvania Stock Performance

Shares of UVSP stock opened at $42.08 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 12.16 and a beta of 0.67. Univest Corporation of Pennsylvania has a 12-month low of $28.20 and a 12-month high of $45.46. The stock has a 50 day simple moving average of $41.74 and a 200-day simple moving average of $39.15.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Wednesday, October 28th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.20). The business had revenue of $90.03 million during the quarter, compared to the consensus estimate of $90.55 million. Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%. On average, equities analysts forecast that Univest Corporation of Pennsylvania will post 3.72 EPS for the current year.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families and businesses.

Univest’s banking services include checking and savings accounts, consumer and commercial lending, mortgages, cash-management and treasury services, online and mobile banking, and other deposit products. The company also offers wealth management, investment and trust services, as well as insurance products through affiliated operations.

Founded in 1876, Univest has historically focused on serving communities in southeastern Pennsylvania, including the Philadelphia suburbs and surrounding counties.