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Highest-Yielding Dividend Stocks Under $5

Universal Insurance Holdings (UVE - Get Report)

Closing price: $4.71 (May 26)

Annual Dividend: 40 cents

Dividend Yield: 8.5% (forward annual)

Price-to-Book: 1.90

Recent developments: Earlier this week, Universal Insurance declared its latest dividend, payable on July 15 to shareholders of record on June 17. On May 10, Universal Insurance said it had first-quarter net income of $8.3 million, or 21 cents a share, down from a year-ago profit of $12.4 million, or 31 cents a share. The company attributed the decline to continuing pressure on operating results because of state-mandated wind-mitigation credits and higher reinsurance costs. While Universal Insurance's P/E ratio trailing 12 months is slightly above other nonlife insurance companies, it trades at a discount on a price-to-book basis.

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MFI $10.43 2.25%
BOCH $5.58 0.00%
CIM $15.70 0.00%
QCCO $2.19 0.00%
UVE $24.65 0.00%


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