FORT LAUDERDALE, Fla.,
Nov. 16, 2017 /PRNewswire/ --
Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that
its Board of Directors declared a cash dividend of $0.27 per share of common stock to be paid on
December 4, 2017 to shareholders of
record as of November 27, 2017. The
$0.27 per share dividend includes the
expected $0.14 per share fourth
quarter dividend, consistent with the dividends paid for each of
the first three quarters of 2017, and an additional special
dividend of $0.13 per share.
Including the total fourth regular and special dividends, the
Company's cash dividends in 2017 will total $0.69 per share.
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings, Inc., with its wholly-owned
subsidiaries, is a vertically integrated insurance holding 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 its operations in North
Carolina, South Carolina,
Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana, Pennsylvania, Minnesota, Michigan, Alabama, Virginia, New
Jersey, and New York.
American Platinum Property and Casualty Insurance Company (APPCIC),
also a wholly-owned subsidiary, currently writes homeowners
multi-peril insurance on Florida
homes valued in excess of $1 million,
which are limits and coverages currently not targeted through its
affiliate UPCIC. APPCIC is additionally licensed and has commenced
writing Fire, Commercial Multi-Peril, and Other Liability lines of
business in Florida. 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, 2016 and Form 10-Q for the quarter
ended September 30, 2017.
Contacts:
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Investors
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Media
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Dean Evans
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Andy Brimmer /
Mahmoud Siddig
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VP Investor
Relations
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Joele Frank,
Wilkinson Brimmer Katcher
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954-958-1306
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212-355-4449
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de0130@universalproperty.com
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SOURCE Universal Insurance Holdings, Inc.