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

UWM Holdings Corporation (NYSE:UWMC) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Thursday, March 19th will be given a dividend of 0.10 per share on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Thursday, March 19th.

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 tumble. 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 Trading Down 8.9%

Shares of NYSE:UWMC traded down $0.41 during trading on Wednesday, reaching $4.16. 56,727,084 shares of the company traded hands, compared to its average volume of 19,322,633. The firm has a fifty day simple moving average of $5.02 and a 200 day simple moving average of $5.47. UWM has a 1-year low of $3.79 and a 1-year high of $7.14. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The company had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. Analysts predict that UWM will post 0.2 EPS for the current fiscal year.

Insider Transactions at UWM

In related news, CEO Ishbia Mat sold 632,874 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $4.52, for a total transaction of $2,860,590.48. Following the sale, the chief executive officer owned 4,596,407 shares of the company’s stock, valued at approximately $20,775,759.64. This represents a 12.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 20,152,251 shares of company stock worth $103,851,825. Insiders own 94.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kera Capital Partners Inc. bought a new position in shares of UWM in the fourth quarter worth approximately $47,000. Virtu Financial LLC purchased a new stake in shares of UWM during the 4th quarter valued at $1,799,000. Invesco Ltd. lifted its holdings in shares of UWM by 504.1% during the 4th quarter. Invesco Ltd. now owns 1,498,979 shares of the company’s stock worth $6,566,000 after acquiring an additional 1,250,845 shares during the last quarter. Corient Private Wealth LLC grew its position in UWM by 258.0% in the fourth quarter. Corient Private Wealth LLC now owns 103,471 shares of the company’s stock worth $453,000 after acquiring an additional 74,565 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in UWM by 78.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 126,251 shares of the company’s stock valued at $553,000 after acquiring an additional 55,437 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.

About UWM

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.