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

Universal Co. (NYSE:UVV) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors 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 6.19%.

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

Universal Price Performance

Shares of UVV stock traded down $0.03 during trading on Wednesday, hitting $52.37. The company had a trading volume of 99,346 shares, compared to its average volume of 142,590. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60. The firm has a market capitalization of $1.29 billion, a P/E ratio of 10.78 and a beta of 0.80. The stock’s 50-day moving average price is $53.99 and its 200 day moving average price is $53.01. Universal has a one year low of $45.19 and a one year high of $59.13.

Universal announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is 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.