Universal Declares Regular Cash Dividend Of $0.16 And Special Cash Dividend Of $0.13, Both Payable On December 15, 2023 To Shareholders Of Record As Of The Close Of Business On December 8, 2023
Portfolio Pulse from Benzinga Newsdesk
Universal Insurance Holdings, Inc. (NYSE:UVE) has declared a regular quarterly cash dividend of $0.16 and a special cash dividend of $0.13 per share, payable on December 15, 2023, to shareholders of record as of December 8, 2023. The total dividends declared in 2023 amount to $0.77 per share.
November 15, 2023 | 9:34 pm
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Universal Insurance Holdings, Inc. has announced a total dividend of $0.29 per share, with a regular dividend of $0.16 and a special dividend of $0.13, payable to shareholders on record by December 8, 2023.
The declaration of both a regular and a special dividend is typically viewed positively by investors, as it reflects the company's financial health and commitment to returning value to shareholders. This can lead to a short-term increase in stock price as investors may buy in to capture the dividend. However, the impact may be moderated by the overall market conditions and the company's performance.
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