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

Universal Co. (NYSE:UVV) declared a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Monday, October 14th will be paid a dividend of 0.81 per share on Monday, November 4th. This represents a $3.24 annualized dividend and a dividend yield of 6.28%. The ex-dividend date is Friday, October 11th.

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

Universal Trading Down 0.3 %

NYSE UVV opened at $51.61 on Thursday. The firm’s 50-day moving average is $52.48 and its two-hundred day moving average is $50.79. The stock has a market capitalization of $1.27 billion, a P/E ratio of 10.82 and a beta of 0.77. Universal has a 12 month low of $44.40 and a 12 month high of $67.80. 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 (NYSE:UVV) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%. The company had revenue of $597.05 million for the quarter.

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.