UWM Holdings Co. (UWMC) To Go Ex-Dividend on December 19th

UWM Holdings Co. (NYSE:UWMC) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Thursday, December 19th will be given a dividend of 0.10 per share on Thursday, January 9th. This represents a $0.40 annualized dividend and a dividend yield of 6.69%. The ex-dividend date is Thursday, December 19th.

UWM has a payout ratio of 87.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect UWM to earn $0.49 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 81.6%.

UWM Stock Performance

UWMC opened at $5.98 on Tuesday. UWM has a 1-year low of $5.67 and a 1-year high of $9.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day moving average price of $6.52 and a two-hundred day moving average price of $7.56. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of -25.98 and a beta of 1.65.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UWMC shares. UBS Group raised their price target on UWM from $4.50 to $4.75 and gave the stock a “sell” rating in a research note on Thursday, September 5th. The Goldman Sachs Group dropped their price objective on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Keefe, Bruyette & Woods cut their target price on shares of UWM from $9.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, December 10th. Barclays upgraded UWM from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $6.00 to $8.00 in a research report on Tuesday, October 8th. Finally, Morgan Stanley started coverage on UWM in a research note on Tuesday, November 5th. They issued an “equal weight” rating and a $7.50 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, UWM has an average rating of “Hold” and an average price target of $7.41.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.