United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.33 per Share
Rhea-AI Summary
The Board of Directors of United Fire Group (Nasdaq: UFCS) has declared a quarterly cash dividend of $0.33 per share. This dividend will be payable on September 18, 2020, to shareholders of record as of September 4, 2020. Founded in 1946, UFG operates through its insurance subsidiaries, providing property and casualty insurance in 46 states and the District of Columbia, supported by approximately 1,000 independent agencies. A.M. Best Company has assigned an A (Excellent) rating to UFG.
Positive
- Quarterly cash dividend of $0.33 per share indicates dividend sustainability and shareholder returns.
- Strong A.M. Best rating of A (Excellent) reflects the company's solid financial health.
Negative
- None.
News Market Reaction – UFCS
In the trading session that priced this news, UFCS declined 2.04%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CEDAR RAPIDS, Iowa, Aug. 21, 2020 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of
About UFG
Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance.
Through our subsidiaries, we are licensed as a property and casualty insurer in 46 states, plus the District of Columbia, and we are represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of "A" (Excellent) for members of the United Fire & Casualty Group.
For more information about UFG, visit www.ufginsurance.com or contact:
Randy Patten, AVP and Controller, 319-286-2537 or IR@unitedfiregroup.com