Universal Co. (NYSE:UVV) Declares Quarterly Dividend of $0.81

Universal Co. (NYSE:UVV) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders of record on Monday, April 14th will be paid a dividend of 0.81 per share on Monday, May 5th. This represents a $3.24 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Monday, April 14th.

Universal has increased its dividend by an average of 1.3% per year over the last three years and has raised its dividend annually for the last 35 consecutive years.

Universal Trading Up 0.6 %

NYSE:UVV opened at $52.73 on Friday. Universal has a 52 week low of $45.19 and a 52 week high of $59.13. The firm has a 50 day moving average of $53.90 and a 200 day moving average of $53.00. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 10.85 and a beta of 0.80.

Universal declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

About Universal

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.