Universal Corporation (NYSE:UVV) Announces Dividend Increase – $0.83 Per Share

Universal Corporation (NYSE:UVV) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Monday, July 13th will be given a dividend of 0.83 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Monday, July 13th. This is a 1.2% increase from Universal’s previous quarterly dividend of $0.82.

Universal has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 56 years.

Universal Stock Performance

NYSE UVV opened at $54.39 on Wednesday. The company has a 50-day simple moving average of $52.86 and a two-hundred day simple moving average of $53.37. The company has a quick ratio of 1.30, a current ratio of 2.91 and a debt-to-equity ratio of 0.40. Universal has a 12-month low of $49.96 and a 12-month high of $67.33. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 3.09 and a beta of 0.61.

About Universal

Universal Corporation (NYSE: UVV) is a global agribusiness company primarily engaged in the procurement, processing and sale of leaf tobacco. Headquartered in Richmond, Virginia, the company sources cured leaf tobacco from key growing regions in North and South America, Africa and Asia. Universal serves major multinational tobacco manufacturers by providing a full range of services including inventory management, quality control and logistics support to ensure a consistent and reliable supply of tobacco leaf.

In addition to its core leaf tobacco operations, Universal offers integrated supply-chain services that encompass warehousing, distribution and ingredient sourcing for smokeless and novel tobacco products.