Business
United Fire Group, Inc. Approves a Dividend Increase and Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share
CEDAR RAPIDS, Iowa, May 18, 2022 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") approved a dividend
About this update from United Fire Group, Inc
[{"type":"text","content":"CEDAR RAPIDS, Iowa, May 18, 2022 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) (\"UFG\") approved a dividend increase of 6.7 percent over the previous quarterly dividend and declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 17, 2022 to shareholders of record as of June 3, 2022. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 217th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we are licensed as a property and casualty insurer in 50 states, plus the District of Columbia, and we are represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of \"A\" (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit www.ufginsurance.com or contact: Randy Patten, AVP and Corporate Controller, 319-286-2537 or [email protected] Disclosure of Forward-Looking Statements This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company, the industry in which we operate, and beliefs and assumptions made by management. Words such as \"expect(s),\" \"anticipate(s),\" \"intend(s),\" \"plan(s),\" \"believe(s),\" \"continue(s),\" \"seek(s),\" \"estimate(s),\" \"goal(s),\" \"remain(s) optimistic,\" \"target(s),\" \"forecast(s),\" \"project(s),\" \"predict(s),\" \"should,\" \"could,\" \"may,\" \"will,\" \"might,\" \"hope,\" \"can\" and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or fin...