Univest Financial Corporation Declares Second Quarter Dividend

Rhea-AI Summary

Univest Financial Corporation (UVSP) announced a quarterly cash dividend of $0.20 per share for Q2 2020, to be paid on July 1, 2020, to shareholders recorded by June 2, 2020. As of March 31, 2020, the company boasts approximately $5.5 billion in assets and $3.3 billion in assets under management. With more than 50 offices in southeastern Pennsylvania, New Jersey, and Maryland, Univest offers a range of financial solutions for various sectors, emphasizing its regional presence and strong market position.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend of $0.20 per share enhances shareholder income.
• Total assets of approximately $5.5 billion demonstrate financial stability.

Negative

• None.

News Market Reaction – UVSP

+9.94%

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+9.94% News Effect

On the day this news was published, UVSP gained 9.94%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SOUDERTON, Pa., May 18, 2020 (GLOBE NEWSWIRE) -- Univest Financial Corporation ("Univest") (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today declared a $0.20 per share quarterly cash dividend for the second quarter of 2020. The dividend will be paid on July 1, 2020 to shareholders of record as of June 2, 2020.

About Univest Financial Corporation

Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $5.5 billion in assets and $3.3 billion in assets under management and supervision through its Wealth Management lines of business at March 31, 2020. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices in southeastern Pennsylvania extending to the Lehigh Valley and Lancaster, as well as in New Jersey and Maryland and online at www.univest.net.

CONTACT
Brian J. Richardson
UNIVEST FINANCIAL CORPORATION
Chief Financial Officer
215-721-2446,

FAQ

What is the dividend amount declared by Univest Financial Corporation for Q2 2020?

Univest Financial Corporation declared a quarterly cash dividend of $0.20 per share for Q2 2020.

When will Univest Financial Corporation pay its dividend?

The dividend will be paid on July 1, 2020.

Who is eligible to receive the dividend from Univest Financial Corporation?

Shareholders of record as of June 2, 2020, are eligible to receive the dividend.

What are the total assets held by Univest Financial Corporation?

As of March 31, 2020, Univest Financial Corporation has approximately $5.5 billion in assets.

What is the market presence of Univest Financial Corporation?

Univest operates more than 50 offices primarily in the Mid-Atlantic Region, including southeastern Pennsylvania, New Jersey, and Maryland.