UWM Holdings Corporation (UWMC) To Go Ex-Dividend on December 18th

UWM Holdings Corporation (NYSE:UWMC) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.10 per share on Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Thursday, December 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 decline. Analysts expect UWM to earn $0.46 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 87.0%.

UWM Stock Performance

UWMC opened at $5.25 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55. UWM has a 1 year low of $3.80 and a 1 year high of $7.14. The firm has a fifty day moving average price of $5.93 and a 200 day moving average price of $4.96. The stock has a market cap of $8.39 billion, a P/E ratio of -104.90 and a beta of 1.79.

UWM (NYSE:UWMC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). UWM had a negative return on equity of 5.56% and a net margin of 0.48%.The business had revenue of $151.14 million during the quarter, compared to analyst estimates of $651.51 million. Equities research analysts anticipate that UWM will post 0.2 earnings per share for the current year.

About UWM

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.