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.
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.
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.
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