Universal Insurance (UVE) Raises Quarterly Dividend 16.7% to $0.14; 3% Yield

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Universal Insurance Holdings, Inc. Announces Increased Quarterly Dividend Of $0.14 Per Share

January 14, 2016 4:15 PM EST

FORT LAUDERDALE, Fla., Jan. 14, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors declared an increased quarterly dividend of $0.14 per share of common stock, up $0.02 from the $0.12 per share paid during the first three quarters of 2015.  Payment will be made on March 2, 2016 to shareholders of record on February 18, 2016. If declared and paid as intended, the annual aggregate dividend in 2016 will be $0.56 for each common share.

"We are pleased to announce an increase to our dividend, underscoring our commitment to enhancing value for our... More