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

Universal Co. (NYSE:UVV) declared 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 dividend on an annualized basis and a dividend yield of 6.19%.

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

Universal Stock Down 0.1 %

Shares of UVV stock opened at $52.37 on Thursday. Universal has a 12 month low of $45.19 and a 12 month high of $59.13. The firm has a market cap of $1.29 billion, a PE ratio of 10.78 and a beta of 0.80. The stock has a 50 day moving average of $53.99 and a 200-day moving average of $53.01. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43.

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