Universal Declares Regular and Special Cash Dividends

Rhea-AI Summary

Universal Insurance Holdings, Inc. (NYSE: UVE) announced a total cash dividend of 29 cents per share, comprising a regular dividend of 16 cents and a special dividend of 13 cents. This dividend will be payable on December 16, 2022 to shareholders of record as of December 9, 2022. The total dividends declared in 2022 now amount to 77 cents per share, reflecting the company's commitment to returning value to shareholders.

Positive

• Declared a total cash dividend of 29 cents per share, including 16 cents regular and 13 cents special.
• Total dividends for 2022 reached 77 cents per share, showcasing strong shareholder returns.

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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 has declared a regular quarterly cash dividend and a special cash dividend, together totaling 29 cents per share of common stock, payable December 16, 2022 to shareholders of record as of the close of business on December 9, 2022. The 29 cent per share dividend consists of a regular quarterly cash dividend of 16 cents per share and a special cash dividend of 13 cents per share, bringing the total regular and special dividends declared in 2022 to 77 cents per share.

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/20221114006039/en/

Arash Soleimani, CFA, CPA

Chief Strategy Officer

954-804-8874

asoleimani@universalproperty.com

Source: Universal Insurance Holdings, Inc.

FAQ

What is the cash dividend amount declared by Universal Insurance Holdings (UVE)?

Universal Insurance Holdings has declared a total cash dividend of 29 cents per share, comprised of 16 cents regular and 13 cents special.

When will the dividends be paid to shareholders of UVE?

The dividends will be paid on December 16, 2022, to shareholders of record as of December 9, 2022.

How much have UVE's total dividends been for 2022?

The total dividends declared by Universal Insurance Holdings for 2022 amount to 77 cents per share.