Universal Corp (NYSE:UVV) announced a quarterly dividend on Tuesday, February 6th, RTT News reports. Shareholders of record on Monday, April 9th will be given a dividend of 0.55 per share on Monday, May 7th. This represents a $2.20 annualized dividend and a dividend yield of 4.75%.
Universal has raised its dividend payment by an average of 1.9% annually over the last three years and has raised its dividend annually for the last 46 consecutive years.
Universal (NYSE:UVV) remained flat at $$46.35 during mid-day trading on Tuesday. 142,880 shares of the stock traded hands, compared to its average volume of 218,929. The firm has a market capitalization of $1,196.70, a PE ratio of 10.93 and a beta of 1.20. Universal has a 52-week low of $45.95 and a 52-week high of $83.35. The company has a quick ratio of 2.18, a current ratio of 5.60 and a debt-to-equity ratio of 0.28.
In other news, Director John B. Adams, Jr. sold 848 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $52.50, for a total transaction of $44,520.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Sledd sold 1,755 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $55.26, for a total transaction of $96,981.30. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Universal announced that its board has approved a stock buyback plan on Tuesday, November 7th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
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Universal Company Profile
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.
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