Universal Corporation (NYSE:UVV) Plans $0.83 Quarterly Dividend

Universal Corporation (NYSE:UVV) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, October 12th will be paid a dividend of 0.83 per share on Monday, November 2nd. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Monday, October 12th.

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

Universal Stock Performance

Universal stock opened at $52.03 on Thursday. The company has a market capitalization of $1.30 billion, a PE ratio of 40.33, a P/E/G ratio of 4.09 and a beta of 0.60. The company has a 50 day moving average price of $52.73 and a 200-day moving average price of $53.30. Universal has a fifty-two week low of $49.19 and a fifty-two week high of $59.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 3.49.

Universal (NYSE:UVV) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.43). Universal had a return on equity of 4.43% and a net margin of 1.12%.The firm had revenue of $523.78 million for the quarter, compared to analysts’ expectations of $587.00 million. As a group, equities analysts forecast that Universal will post 4.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UVV shares. Weiss Ratings cut Universal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Zacks Research upgraded Universal from a “strong sell” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Universal Company Profile

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.