UWM Holdings Co. (UWMC) To Go Ex-Dividend on June 20th

UWM Holdings Co. (NYSE:UWMC) announced a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders of record on Thursday, June 20th will be paid a dividend of 0.10 per share on Thursday, July 11th. This represents a $0.40 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Thursday, June 20th.

UWM has a payout ratio of 97.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect UWM to earn $0.44 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 90.9%.

UWM Trading Up 1.0 %

Shares of NYSE UWMC opened at $7.38 on Tuesday. UWM has a 12 month low of $4.49 and a 12 month high of $7.78. The company has a market cap of $704.90 million, a price-to-earnings ratio of 245.83 and a beta of 1.65. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $6.93 and a 200-day simple moving average of $6.78.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UWMC. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $7.00 price objective (up from $6.00) on shares of UWM in a research note on Friday, May 10th. Wedbush reissued a “neutral” rating and issued a $7.00 price objective on shares of UWM in a research note on Friday, May 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, UWM has a consensus rating of “Hold” and an average target price of $5.69.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.