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

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

Universal Insurance Holdings, Inc. Announces Increased Quarterly Dividend of $0.16 Per Share

May 29, 2018 4:15 PM EDT

FORT LAUDERDALE, Fla., May 29, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has declared an increased quarterly cash dividend of $0.16 per share of common stock, up $0.02 or 14.3% from the $0.14 per share quarterly dividend that the Company previously paid in the first and second quarters of 2018. Payment will be made on July 16, 2018 to shareholders of record on July 2, 2018.

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... More