Universal Declares Cash Dividend of 16 Cents per Share

Rhea-AI Summary

Universal Insurance Holdings, Inc. (NYSE: UVE) has declared a quarterly cash dividend of 16 cents per share. This dividend is payable on August 9, 2022, to shareholders on record as of August 2, 2022. The company specializes in property and casualty insurance, mainly focusing on personal residential homeowners insurance across 19 states, primarily in Florida. Universal aims to provide comprehensive insurance-related services, emphasizing risk management and claims management.

Positive

• Declared a quarterly cash dividend of 16 cents per share, demonstrating strong cash flow and shareholder return.

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• None.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of 16 cents per share of common stock, payable on August 9, 2022, to shareholders of record as of the close of business on August 2, 2022.

About Universal

Universal Insurance Holdings, Inc. (NYSE: UVE) is a holding company offering property and casualty insurance and value-added insurance services. We develop, market, and write insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We sell insurance products through both our appointed independent agents and through our direct online distribution channels in the United States across 19 states (primarily Florida). Learn more at UniversalInsuranceHoldings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220719005237/en/

Investors/Media:

Arash Soleimani, CFA, CPA

Chief Strategy Officer

954-804-8874

asoleimani@universalproperty.com

Source: Universal Insurance Holdings, Inc.

FAQ

What is the dividend amount declared by UVE?

Universal Insurance Holdings declared a quarterly cash dividend of 16 cents per share.

When will the UVE dividend be paid?

The dividend will be paid on August 9, 2022.

What is the record date for the UVE dividend?

The record date for the dividend is August 2, 2022.

How does UVE generate its income?

UVE generates income through property and casualty insurance, primarily in personal residential homeowners insurance.