Universal Co. (NYSE:UVV – Get Rating) declared a quarterly dividend on Wednesday, May 25th, Zacks reports. Shareholders of record on Monday, July 11th will be paid a dividend of 0.79 per share on Monday, August 1st. This represents a $3.16 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Friday, July 8th. This is a boost from Universal’s previous quarterly dividend of $0.78.
Universal has increased its dividend by an average of 3.6% annually over the last three years and has raised its dividend every year for the last 51 years.
NYSE:UVV opened at $62.76 on Friday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 15.61 and a beta of 0.64. The company has a quick ratio of 1.33, a current ratio of 3.19 and a debt-to-equity ratio of 0.38. Universal has a 52 week low of $46.24 and a 52 week high of $64.07. The company has a fifty day simple moving average of $58.74 and a two-hundred day simple moving average of $55.02.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its stake in Universal by 4.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,755 shares of the company’s stock worth $261,000 after purchasing an additional 193 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Universal by 18.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,475 shares of the company’s stock valued at $85,000 after acquiring an additional 230 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Universal by 2.6% during the first quarter. Great West Life Assurance Co. Can now owns 21,967 shares of the company’s stock worth $1,310,000 after purchasing an additional 552 shares during the last quarter. Eaton Vance Management grew its stake in Universal by 13.7% during the 1st quarter. Eaton Vance Management now owns 4,695 shares of the company’s stock worth $273,000 after buying an additional 564 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Universal by 7.7% during the third quarter. Royal Bank of Canada now owns 8,251 shares of the company’s stock worth $399,000 after buying an additional 587 shares during the period. 80.38% of the stock is owned by institutional investors.
Universal Company Profile (Get Rating)
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 procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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