UVE just announced a 20 cent dividend, double the previous dividend paid on October 30 based on Q3 results to be reported soon!! UVE is a Florida Hurricane Insurer making money hand over fist since the 2005 Hurricane season shot rates up massively, drove out fearful competitors, and the lack of hurricanes since has been a major windfall for this once tiny company trading for as little as .04 now well over $3.00.
What's not to like? Another weak storm season for Florida, PE of 1-2, trades for under book value, pays a massive dividend yield, and announced two share buybacks this year one of which they completed in 2 months and the other underway. Finally, they recently just got licensed to expand into North Carolina, South Carolina, Hawaii, as well as additional high-end markets in Florida.
Raw
