UWM Holdings Corporation (NYSE:UWMC) Declares Quarterly Dividend of $0.10

UWM Holdings Corporation (NYSE:UWMC) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Thursday, June 18th will be given a dividend of 0.10 per share on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 17.0%. The ex-dividend date is Thursday, June 18th.

UWM has a dividend payout ratio of 83.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect UWM to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 80.0%.

UWM Stock Performance

NYSE UWMC opened at $2.36 on Tuesday. The company has a fifty day moving average price of $3.26 and a 200-day moving average price of $4.24. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 8.73 and a beta of 1.72. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.52 and a quick ratio of 1.52. UWM has a 1 year low of $2.28 and a 1 year high of $7.14.

UWM (NYSE:UWMC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. UWM had a net margin of 1.92% and a return on equity of 19.01%. The company had revenue of $901.43 million for the quarter, compared to analyst estimates of $709.85 million. As a group, equities research analysts predict that UWM will post 0.38 EPS for the current fiscal year.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.