United Wholesale Mortgage intends to pay an annual dividend of 40 cents per share on completion of the pending business combination with Gores Holdings IV.
“Given UWM’s free cash flow and solid balance sheet, we strongly support the company’s intent to adopt a capital allocation policy that includes the issuance of an above-market regular dividend that allows stockholders to benefit from the team’s continued success,” the SPAC’s CEO and Chariman Alec Gores said. Read more.
