United Fire Group, Inc (NASDAQ:UFCS) to Issue Quarterly Dividend of $0.20

United Fire Group, Inc (NASDAQ:UFCS) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Friday, June 5th will be given a dividend of 0.20 per share by the insurance provider on Friday, June 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th.

United Fire Group has decreased its dividend payment by an average of 0.1%per year over the last three years. United Fire Group has a dividend payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect United Fire Group to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 16.2%.

United Fire Group Stock Down 0.6%

UFCS opened at $48.04 on Thursday. The company has a fifty day moving average price of $40.44 and a 200-day moving average price of $37.87. The firm has a market capitalization of $1.23 billion, a P/E ratio of 9.69 and a beta of 0.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.34 and a quick ratio of 0.34. United Fire Group has a one year low of $25.79 and a one year high of $49.94.

United Fire Group (NASDAQ:UFCS) last released its quarterly earnings results on Tuesday, May 5th. The insurance provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.29. The firm had revenue of $369.44 million during the quarter, compared to analyst estimates of $340.16 million. United Fire Group had a net margin of 9.16% and a return on equity of 14.65%. Equities research analysts expect that United Fire Group will post 4.88 earnings per share for the current fiscal year.

United Fire Group Company Profile

United Fire Group, Inc (NASDAQ: UFCS) is an insurance holding company based in Cedar Rapids, Iowa, that specializes in property and casualty coverage for commercial and personal lines. The company underwrites business through three primary segments: commercial, personal and specialty insurance. Within the commercial segment, United Fire Group offers tailored policies for small- and medium-sized enterprises, including general liability, commercial property and workers’ compensation. Its personal lines cover homeowners, auto, farm and umbrella policies.

United Fire Group distributes its products primarily through a national network of independent insurance agents and brokers.