NEW YORK ( TheStreet) -- The ex-dividend date for Universal Insurance Holdings (AMEX: UVE) is Monday, December 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $3.73 as of 9:34 a.m. ET, the dividend yield is 15.4%. The average volume for Universal has been 133,000 shares per day over the past 30 days. Universal has a market cap of $145.6 million and is part of the financial sector and insurance industry. Shares are down 25.3% year to date as of the close of trading on Thursday. Universal Insurance Holdings, Inc., through its subsidiaries, operates as an insurance company in the United States. The company primarily offers homeowners' insurance; and covers various aspects of insurance underwriting, distribution, and claims processing. The company has a P/E ratio of 5.1, below the average insurance industry P/E ratio of 5.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Universal as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Universal Ratings Report. See our dividend calendar or top-yielding stocks list.