Universal Declares Regular 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, to be paid on May 19, 2023. Shareholders of record as of the close of business on May 12, 2023 will be eligible for this dividend. Universal primarily operates in the property and casualty insurance sector, focusing on personal residential homeowners insurance across 19 states, mainly in Florida. The company is engaged in various insurance-related services, including risk and claims management, and distributes its products through independent agents and direct online channels.

Positive

• Quarterly cash dividend of 16 cents per share announced.
• Company operates in 19 states, predominantly Florida, indicating a solid market presence.
• Diverse distribution channels through independent agents and online platforms.

Negative

• 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 quarterly cash dividend of 16 cents per share of common stock, payable May 19, 2023 to shareholders of record as of the close of business on May 12, 2023.

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/20230412005056/en/

Investors/Media:

Arash Soleimani, CFA, CPA, CPCU

Chief Strategy Officer

954-804-8874

asoleimani@universalproperty.com

Source: Universal Insurance Holdings, Inc.

FAQ

What is the declared dividend amount for UVE?

The declared dividend amount for Universal Insurance Holdings, Inc. (UVE) is 16 cents per share.

When will the dividend for UVE be paid?

The dividend for UVE will be paid on May 19, 2023.

Who is eligible for the UVE dividend?

Shareholders of record as of the close of business on May 12, 2023, are eligible for the UVE dividend.

In which states does Universal Insurance operate?

Universal Insurance operates in 19 states, primarily in Florida.

What type of insurance services does Universal Insurance provide?

Universal Insurance provides property and casualty insurance along with value-added insurance services.