UWM Holdings Corporation (UWMC) to Issue Quarterly Dividend of $0.10 on July 9th

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

UWM has a payout ratio of 83.3% meaning 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 Down 1.0%

Shares of UWMC stock opened at $2.36 on Tuesday. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 8.73 and a beta of 1.72. UWM has a one year low of $2.28 and a one year high of $7.14. The company’s fifty day moving average price is $3.26 and its 200-day moving average price is $4.24. 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 (NYSE:UWMC) last posted its earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $901.43 million during the quarter, compared to analysts’ expectations of $709.85 million. UWM had a net margin of 1.92% and a return on equity of 19.01%. Sell-side analysts expect 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.