United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.15 per Share
Today, the Board of Directors of United Fire Group, Inc. (Nasdaq:
UFCS) ("UFG") declared a common stock quarterly cash dividend of
$0.15 per share. This dividend will be payable December 18, 2020 to
shareholders of record as of December 4, 2020.
UFG has a long history of paying quarterly dividends, with the
quarterly cash dividend declared today marking the 211th
consecutive quarterly dividend paid, dating back to March 1968.
UFG’s corporate strategy is focused on growth that diversifies the
effects of individual underwriting perils, and the new dividend
level supports these strategic capital requirements.
Founded in 1946 as United Fire & Casualty Company, UFG,
through its insurance company subsidiaries, is engaged in the
business of writing property and casualty insurance.
Through our subsidiaries, we are licensed as a property and
casualty insurer in 49 states, plus the District of Columbia, and
we are represented by approximately 1,000 independent agencies.
A.M. Best Company assigns a rating of "A" (Excellent) for members
of the United Fire & Casualty Group.
For more information about UFG, visit www.ufginsurance.com or
Randy Patten, AVP and Controller, 319-286-2537 or
Disclosure of Forward-Looking Statements
This release may contain forward-looking statements about our
operations, anticipated performance and other similar matters. The
Private Securities Litigation Reform Act of 1995 provides a safe
harbor under the Securities Act of 1933 and the Securities Exchange
Act of 1934 for forward-looking statements. The forward-looking
statements are not historical facts and involve risks and
uncertainties that could cause actual results to differ from those
expected and/or projected. Such forward-looking statements are
based on current expectations, estimates, forecasts and projections
about the Company, the industry in which we operate, and beliefs
and assumptions made by management. Words such as "expect(s),"
"anticipate(s)," "intends(s)," "plan(s)," "believe(s)"
"continue(s)," "seek(s)," "estimate(s)," "goal(s)," "remain(s)
optimistic," "target(s)," "forecast(s)," "project(s),"
"predict(s)," "should," "could," "may," "will," "might," "hope,"
"can" and other words and terms of similar meaning or expression in
connection with a discussion of future operations, financial
performance or financial condition, are intended to identify
forward-looking statements. These statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
that are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed in such
forward-looking statements. Information concerning factors that
could cause actual outcomes and results to differ materially from
those expressed in the forward-looking statements is contained in
Part I, Item 1A "Risk Factors" of our Annual Report on Form 10-K
for the year ended December 31, 2019, filed with the Securities and
Exchange Commission ("SEC") on February 28, 2020, as updated in our
Quarterly Report on Form 10-Q for the quarter ended March 31, 2020
filed with the SEC on May 6, 2020. The risks identified in our
Annual Report on Form 10-K (as updated) and in our other SEC
filings are representative of the risks, uncertainties, and
assumptions that could cause actual outcomes and results to differ
materially from what is expressed in the forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this release or as of the date they are made. Except as required
under the federal securities laws and the rules and regulations of
the SEC, we do not have any intention or obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events, or otherwise.