CEDAR RAPIDS, Iowa - United Fire Group, Inc. (NASDAQ: UFCS), known as UFG, has declared a quarterly cash dividend of $0.16 per share, continuing its long-standing tradition of providing returns to its shareholders. This latest dividend is scheduled to be paid on March 22, 2024, to shareholders who are on record as of March 8, 2024.
The company, which was founded in 1946 and operates through its insurance company subsidiaries, has a notable history of consistent dividend payments, with this quarter marking the 224th consecutive payout since March 1968. UFG's operations span across the United States, with property and casualty insurance licenses in all 50 states, as well as the District of Columbia. The company's products are distributed through approximately 1,000 independent agencies.
UFG's financial stability has been recognized by A.M. Best Company, which has assigned a rating of "A-" (Excellent) to the members of the United Fire & Casualty Group. This rating reflects the company's solid performance and its ability to meet ongoing insurance obligations.
The announcement of the dividend follows the company's adherence to regular financial practices, aiming to provide value to its shareholders. It's important to note that while the company has made forward-looking statements regarding its operations and anticipated performance, these are not guarantees of future performance and are subject to risks and uncertainties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.