Universal Insurance Holdings, Inc. (UVE) Declares Dividend of $0.08, Down 20% From Last Distribution
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Universal Insurance Holdings, Inc. (NYSE: UVE) declared a special dividend of $0.08 per share. This is a 20% decrease from the prior dividend of $0.10.
The dividend will be payable on October 6, 2011, to stockholders of record on September 16, 2011, with an ex-dividend date of September 14, 2011.
The company highlights that the Board of Directors decision to declare a dividend at this time reflects the Company's assessment of current business and corporate needs. The Company undertakes similar assessments throughout the year in considering dividend distributions.
The dividend will be payable on October 6, 2011, to stockholders of record on September 16, 2011, with an ex-dividend date of September 14, 2011.
The company highlights that the Board of Directors decision to declare a dividend at this time reflects the Company's assessment of current business and corporate needs. The Company undertakes similar assessments throughout the year in considering dividend distributions.
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