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Stock impact report

Universal Insurance Holdings' (NYSE:UVE) Dividend Will Be $0.29 [Yahoo! Finance]

UNIVERSAL INSURANCE HOLDINGS INC (UVE) 
NASDAQ:AMEX Investor Relations: universalinsuranceholdings.com
Company Research Source: Yahoo! Finance
Based on this payment, the dividend yield on the company's stock will be 3.5%, which is an attractive boost to shareholder returns. View our latest analysis for Universal Insurance Holdings We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. However, prior to this announcement, Universal Insurance Holdings' dividend was comfortably covered by both cash flow and earnings. This means that most of its earnings are being retained to grow the business. Looking forward, earnings per share is forecast to rise by 13.6% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 27% by next year, which is in a pretty sustainable range. Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2014, the dividend has gone from $0.34 total annually to $0.77. This works out to be a compound annual growth rate (CAGR) of approximately 8.5% a year ove Show less Read more
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