United Fire Group, Inc (UFCS) To Go Ex-Dividend on June 5th

United Fire Group, Inc (NASDAQ:UFCS) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Friday, June 5th will be paid a dividend of 0.20 per share by the insurance provider on Friday, June 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th.

United Fire Group has decreased its dividend by an average of 0.1%annually over the last three years. United Fire Group has a payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect United Fire Group to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 16.2%.

United Fire Group Price Performance

United Fire Group stock opened at $48.13 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $1.23 billion, a PE ratio of 9.70 and a beta of 0.50. United Fire Group has a one year low of $25.79 and a one year high of $49.94. The business has a 50 day simple moving average of $40.66 and a 200 day simple moving average of $38.00.

United Fire Group (NASDAQ:UFCS) last posted its earnings results on Tuesday, May 5th. The insurance provider reported $1.16 EPS for the quarter, topping the consensus estimate of $0.87 by $0.29. The business had revenue of $369.44 million during the quarter, compared to the consensus estimate of $340.16 million. United Fire Group had a return on equity of 14.65% and a net margin of 9.16%. On average, sell-side analysts forecast that United Fire Group will post 4.88 EPS for the current fiscal year.

United Fire Group Company Profile

United Fire Group, Inc (NASDAQ: UFCS) is an insurance holding company based in Cedar Rapids, Iowa, that specializes in property and casualty coverage for commercial and personal lines. The company underwrites business through three primary segments: commercial, personal and specialty insurance. Within the commercial segment, United Fire Group offers tailored policies for small- and medium-sized enterprises, including general liability, commercial property and workers’ compensation. Its personal lines cover homeowners, auto, farm and umbrella policies.

United Fire Group distributes its products primarily through a national network of independent insurance agents and brokers.