Universal Insurance Holdings Marks More than 10 Consecutive Years Declaring a Fourth Quarter Special Dividend, Today Declaring Regular and Special Cash Dividends Totaling 29 Cents per Share

Rhea-AI Summary

Universal Insurance Holdings, Inc. (NYSE: UVE) has declared a quarterly cash dividend totaling 29 cents per share, which includes a regular dividend of 16 cents and a special dividend of 13 cents. This dividend will be payable on December 17, 2021, to shareholders on record as of December 10, 2021. This announcement marks over 10 years of consistently declaring a special dividend in the fourth quarter. The total dividends declared for 2021 amount to 77 cents per share.

Positive

• Quarterly dividend of 29 cents per share enhances shareholder income.
• Marks over 10 consecutive years of special dividend declarations.

Negative

• None.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has declared a quarterly regular and special cash dividend, together totaling 29 cents per share of common stock, payable December 17, 2021 to shareholders of record as of the close of business on December 10, 2021. This marks more than 10 consecutive years declaring a fourth quarter special dividend. The 29 cents 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 2021 to 77 cents per share.

About Universal Insurance Holdings, Inc.
Universal Insurance Holdings (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/20211115005866/en/

Investor Relations Contact:

Rob Luther, 954-892-6487

VP, Corporate Development, Strategy & IR

rluther@universalproperty.com

Media Relations Contact:

Andy Brimmer / Mahmoud Siddig, 212-355-4449

Joele Frank, Wilkinson Brimmer Katcher

Source: Universal Insurance Holdings, Inc.

FAQ

What is the dividend amount declared by UVE for December 2021?

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

When will the UVE dividend be paid?

The dividend will be payable on December 17, 2021.

What is the record date for UVE's dividend?

The record date for the dividend is December 10, 2021.

How much has UVE declared in total dividends for 2021?

The total dividends declared for 2021 amount to 77 cents per share.

How long has UVE been declaring special dividends?

UVE has been declaring special dividends for over 10 consecutive years.