Univest Corporation of Pennsylvania (NASDAQ:UVSP) Shareholders to Collect $0.23 Quarterly Dividend

Key Points

• Univest declared a quarterly dividend of $0.23 per share, payable November 25 to shareholders of record November 11. The annualized dividend is $0.92 per share, representing a 2.2% yield.
• The dividend appears well covered, with a current payout ratio of 31.6%; analysts expect next year’s earnings to support an estimated payout ratio of 23.5%.
• Univest reported quarterly EPS of $0.78, below the $0.98 analyst consensus, while revenue of $90.03 million was slightly under estimates. The stock opened at $42.08, with a market capitalization of approximately $1.16 billion.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be given a dividend of $0.23 per share by the financial services provider on Wednesday, November 25th. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, November 10th.

Univest Corporation of Pennsylvania has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 1 years. Univest Corporation of Pennsylvania has a dividend payout ratio of 31.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Univest Corporation of Pennsylvania to earn $3.92 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 23.5%.

Univest Corporation of Pennsylvania Stock Down 0.8%

UVSP stock opened at $42.08 on Thursday. Univest Corporation of Pennsylvania has a fifty-two week low of $28.20 and a fifty-two week high of $45.46. The business's 50-day moving average is $41.74 and its two-hundred day moving average is $39.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 12.16 and a beta of 0.67.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($0.20). Univest Corporation of Pennsylvania had a net margin of 18.86% and a return on equity of 10.41%. The firm had revenue of $90.03 million for the quarter, compared to the consensus estimate of $90.55 million. As a group, analysts forecast that Univest Corporation of Pennsylvania will post 3.72 earnings per share for the current year.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families and businesses.

Univest's banking services include checking and savings accounts, consumer and commercial lending, mortgages, cash-management and treasury services, online and mobile banking, and other deposit products. The company also offers wealth management, investment and trust services, as well as insurance products through affiliated operations.

Founded in 1876, Univest has historically focused on serving communities in southeastern Pennsylvania, including the Philadelphia suburbs and surrounding counties.

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