Universal Declares Regular and Special Cash Dividends

Rhea-AI Summary

Universal Insurance Holdings, Inc. (NYSE: UVE) announced a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share, totaling 29 cents per share. Shareholders of record as of December 8, 2023, will receive the dividends on December 15, 2023. The total dividends declared in 2023 amount to 77 cents per share of common stock.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors has declared a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share of common stock, together totaling 29 cents per share of common stock, both payable on December 15, 2023 to shareholders of record as of the close of business on December 8, 2023. Today’s announcement brings total dividends declared in 2023 to 77 cents per share of common stock.

About Universal
Universal Insurance Holdings, Inc. (NYSE: UVE) is a holding company providing 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 provide insurance products in the United States through both our appointed independent agents and our direct online distribution channels, primarily in Florida. Learn more at universalinsuranceholdings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231115469756/en/

Investors:

Arash Soleimani, CFA, CPA, CPCU, ARe

Chief Strategy Officer

954-804-8874

asoleimani@universalproperty.com

Source: Universal Insurance Holdings, Inc.

FAQ

What dividends did Universal Insurance Holdings, Inc. declare?

Universal Insurance Holdings, Inc. declared a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share, totaling 29 cents per share.

When will the dividends be paid?

The dividends will be paid on December 15, 2023, to shareholders of record as of the close of business on December 8, 2023.

What is the total amount of dividends declared in 2023?

The total dividends declared in 2023 amount to 77 cents per share of common stock.