Univest Corporation Declares Fourth Quarter Dividend
SOUDERTON, Pa., November 28, 2012- Univest
Corporation of Pennsylvania (NASDAQ:
UVSP), parent company of Univest Bank and Trust Co. and its
insurance, investments and equipment financing subsidiaries, today
declared a $0.20 per share quarterly cash dividend.
As a result of the uncertainty surrounding the tax treatment of
dividends beyond 2012, the Board of Directors voted today to
accelerate the payout date to December 28, 2012, from the normal
payout date of January 2, 2013, to shareholders of record as of
December 12, 2012.
About Univest Corporation
Headquartered in Souderton, Pa., Univest Corporation of
Pennsylvania (www.univest.net)
and its subsidiaries serve the financial needs of residents,
businesses, and nonprofit organizations in Bucks, Chester,
Montgomery and Lehigh counties. For more information on
Univest Corporation of Pennsylvania and its
subsidiaries, please visit www.univest.net.
This press release of Univest Corporation and the reports
Univest Corporation files with the Securities and Exchange
Commission often contain "forward-looking statements" relating to
present or future trends or factors affecting the banking industry
and, specifically, the financial operations, markets and products
of Univest Corporation. These forward-looking statements involve
certain risks and uncertainties. There are a number of important
factors that could cause Univest Corporation's future results to
differ materially from historical performance or projected
performance. These factors include, but are not limited to: (1) a
significant increase in competitive pressures among financial
institutions; (2) changes in the interest rate environment that may
reduce net interest margins; (3) changes in prepayment speeds, loan
sale volumes, charge-offs and loan loss provisions; (4) general
economic conditions; (5) legislative or regulatory changes that may
adversely affect the businesses in which Univest Corporation is
engaged; (6) technological issues which may adversely affect
Univest Corporation's financial operations or customers; (7)
changes in the securities markets or (8) risk factors mentioned in
the reports and registration statements Univest Corporation files
with the Securities and Exchange Commission. Univest Corporation
undertakes no obligation to revise these forward-looking statements
or to reflect events or circumstances after the date of this press
release.