Univest Financial Corporation Declares Third Quarter Dividend

(Neutral)

Rhea-AI Summary

Univest Financial Corporation (UVSP) declared a quarterly cash dividend of $0.20 per share for the third quarter of 2020. The dividend is set to be paid on October 1, 2020 to shareholders recorded as of September 8, 2020. As of June 30, 2020, Univest holds approximately $6.1 billion in assets and $3.6 billion in assets under management. The company specializes in providing a range of financial solutions primarily within the Mid-Atlantic Region through over 50 offices.

Positive

Declaration of a $0.20 per share dividend, reflecting confidence in financial health.
Strong asset base of approximately $6.1 billion and $3.6 billion in assets under management.

Negative

None.

News Market Reaction – UVSP

+3.68%

+3.68% Session move

In the trading session that priced this news, UVSP gained 3.68%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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08/24/2020 - 03:49 PM

SOUDERTON, Pa., Aug. 24, 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 third quarter of 2020. The dividend will be paid on October 1, 2020 to shareholders of record as of September 8, 2020.

About Univest Financial Corporation

Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $6.1 billion in assets and $3.6 billion in assets under management and supervision through its Wealth Management lines of business at June 30, 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 .

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

FAQ

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

Univest Financial Corporation declared a dividend of $0.20 per share for the third quarter of 2020.

When will the dividend be paid to shareholders?

The dividend will be paid on October 1, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is September 8, 2020.

How much in assets does Univest Financial Corporation manage?

Univest Financial Corporation has approximately $3.6 billion in assets under management as of June 30, 2020.