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Why Is UWM Holdings' Dividend So High?

Why Is UWM Holdings' Dividend So High?

With rising interest rates over the past year, a lot of rate-sensitive stocks have seen their stock prices fall and their dividend yields rise significantly. UWM Holdings (NYSE: UWMC), the parent company of United Wholesale, has a pretty high yield. UWM Holdings is a mortgage originator that focuses on the wholesale origination business.