Universal Insurance (UVE) Raises Quarterly Dividend 14.3% to $0.16; 1.8% Yield

Universal Insurance (NYSE: UVE) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is a 14.3% increase from the prior dividend of $0.14.

The dividend will be payable on July 16, 2018, to stockholders of record on July 2, 2018, with an ex-dividend date of June 29, 2018.

The annual yield on the dividend is 1.8 percent.

Universal Chairman and CEO Sean P. Downes commented, "We are pleased to announce an increase to our quarterly dividend, underscoring our commitment to enhancing value for our shareholders and maintaining a prudent capital management strategy. Following a year that saw the most significant storm make landfall in Florida in the past decade, Universal stands in its strongest financial position ever, and this increased quarterly dividend reflects the confidence that both management and our Board of Directors have in the Company's financial strength."

For a dividend history and other dividend-related data on Universal Insurance (UVE) click here.

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