Universal Corp (UVV) Plans $0.75 Quarterly Dividend

Universal Corp (NYSE:UVV) declared a quarterly dividend on Friday, February 8th, Wall Street Journal reports. Stockholders of record on Monday, April 8th will be paid a dividend of 0.75 per share on Monday, May 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date is Friday, April 5th.

Universal has raised its dividend payment by an average of 7.7% annually over the last three years and has increased its dividend every year for the last 47 years.

NYSE UVV traded up $1.13 during trading hours on Friday, hitting $52.75. The company’s stock had a trading volume of 97,800 shares, compared to its average volume of 165,366. Universal has a twelve month low of $46.40 and a twelve month high of $76.98. The firm has a market capitalization of $1.31 billion, a P/E ratio of 11.24 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.70 and a quick ratio of 2.07.

Universal (NYSE:UVV) last announced its quarterly earnings data on Thursday, February 7th. The company reported $1.73 earnings per share for the quarter. The business had revenue of $636.11 million for the quarter. Universal had a net margin of 4.77% and a return on equity of 8.54%.

In other news, insider James A. Huffman sold 2,277 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $59.52, for a total transaction of $135,527.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Peebles sold 7,274 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $59.56, for a total transaction of $433,239.44. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/26/universal-corp-uvv-to-issue-quarterly-dividend-of-0-75-on-may-6th.html.

About Universal

Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

Recommended Story: Bond

Dividend History for Universal (NYSE:UVV)

Receive News & Ratings for Universal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal and related companies with MarketBeat.com's FREE daily email newsletter.