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

Universal Co. (NYSE:UVV) announced a quarterly dividend on Thursday, November 7th,RTT News reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.81 per share on Monday, February 3rd. This represents a $3.24 annualized dividend 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% per year over the last three years and has increased its dividend every year for the last 55 years.

Universal Stock Down 3.2 %

Universal stock opened at $50.29 on Friday. The business has a fifty day moving average price of $54.85 and a 200-day moving average price of $52.54. Universal has a 1-year low of $45.19 and a 1-year high of $61.30. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 10.35 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96.

Universal announced that its board has authorized a stock repurchase program on Thursday, November 7th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management 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.