Universal Co. (UVV) to Issue Quarterly Dividend of $0.81 on February 3rd

Universal Co. (NYSE:UVV) announced a quarterly dividend on Thursday, November 7th,RTT News reports. Investors of record on Monday, January 13th will be given a dividend of 0.81 per share on Monday, February 3rd. This represents a $3.24 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend is Monday, January 13th.

Universal has raised its dividend by an average of 1.3% annually over the last three years and has raised its dividend every year for the last 55 years.

Universal Trading Down 3.2 %

Shares of NYSE UVV opened at $50.29 on Friday. Universal has a fifty-two week low of $45.19 and a fifty-two week high of $61.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 10.35 and a beta of 0.80. The business’s 50 day moving average price is $54.85 and its 200-day moving average price is $52.54.

Universal announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Universal Company Profile

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.