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home / news releases / UWMC - UWM Holdings stock gains after initiating dividend issuing strong Q1 guidance

UWMC - UWM Holdings stock gains after initiating dividend issuing strong Q1 guidance

UWM Holdings Corporation Class A
UWM Holdings (UWMC) stock jumps 2.6% in after-hours trading after the newly public company declares its first quarterly dividend and issues guidance for closed loan volume growth of 23%-34% Y/Y in Q1 2021.Expects Q1 closed loan volume of $52B-$57B vs. $42.4B in Q1 2020.Sees total gain margin of 200-235 basis points vs. 95 bps in the year-ago quarter.Initiates quarterly dividend of 10 cents per share.Posts record originations of $54.7B in loan volume in Q4, rising 71% Y/Y.Q4 total gain margin of 3.05% increased from 1.10% in the year-ago quarter.Q4 comparable net income of $1.00B jumped from $108.7M in Q4 2019.Conference call on Feb. 4 at 10:00 AM ET.Previously (Feb. 3): UWM Holdings reports Q4 results

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UWM Holdings stock gains after initiating dividend, issuing strong Q1 guidance
Stock Information
Company Name: UWM Holdings Corporation Class A
Stock Symbol: UWMC
Market: NYSE
Website: uwm.com
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