FORT LAUDERDALE, Fla.,
Aug. 31, 2016 /PRNewswire/
-- Universal Insurance Holdings, Inc. (NYSE: UVE)
announced today that its Board of Directors declared a cash
dividend of $0.14 per share of common
stock to be paid on October 24, 2016
to shareholders of record on September 12,
2016. If declared and paid as intended, the annual aggregate
dividend in 2016 will be $0.56 for
each common share.
The declaration and payment of future dividends is subject to
the Board's discretion and will be dependent upon future earnings,
cash flows, financial requirements, and other factors.
About Universal Insurance Holdings, Inc.
Universal
Insurance Holdings, Inc., with its wholly-owned subsidiaries, is a
vertically integrated insurance company performing all aspects of
insurance underwriting, distribution and claims. Universal Property
& Casualty Insurance Company (UPCIC), a wholly-owned subsidiary
of the Company, is one of the leading writers of homeowners
insurance in Florida and is now
fully licensed and has commenced operations in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana, Pennsylvania, Minnesota, Michigan and Alabama. For additional information on the
Company, please visit our investor relations website at
www.universalinsuranceholdings.com.
Forward-Looking Statements and Risk Factors
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. The words "believe," "expect," "anticipate," and similar
expressions identify forward-looking statements, which speak only
as of the date the statement was made. Such statements may include
commentary on plans, products and lines of business, marketing
arrangements, reinsurance programs and other business developments
and assumptions relating to the foregoing. Forward-looking
statements are inherently subject to risks and uncertainties, some
of which cannot be predicted or quantified. Future results could
differ materially from those described, and the Company undertakes
no obligation to correct or update any forward-looking statements.
For further information regarding risk factors that could affect
the Company's operations and future results, refer to the Company's
reports filed with the Securities and Exchange Commission,
including Form 10-K for the year ended December 31, 2015.
Investor Contact:
Andy Brimmer / Mahmoud Siddig
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Universal Insurance Holdings, Inc.