Universal Co. (NYSE:UVV) Plans Quarterly Dividend of $0.79

Universal Co. (NYSE:UVVGet Rating) declared a quarterly dividend on Wednesday, May 25th, Zacks reports. Shareholders of record on Monday, July 11th will be given a dividend of 0.79 per share on Monday, August 1st. This represents a $3.16 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Friday, July 8th. This is an increase from Universal’s previous quarterly dividend of $0.78.

Universal has increased its dividend payment 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 quick ratio of 1.33, a current ratio of 3.19 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $58.74 and a 200-day moving average price of $55.02. Universal has a twelve month low of $46.24 and a twelve month high of $64.07. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 15.61 and a beta of 0.64.

Separately, StockNews.com initiated coverage on Universal in a research note on Thursday, March 31st. They set a “hold” rating for the company.

Institutional investors have recently modified their holdings of the company. Eaton Vance Management boosted its position in shares of Universal by 13.7% in the 1st quarter. Eaton Vance Management now owns 4,695 shares of the company’s stock worth $273,000 after purchasing an additional 564 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Universal by 44.5% in the first quarter. Guggenheim Capital LLC now owns 8,763 shares of the company’s stock valued at $509,000 after purchasing an additional 2,699 shares during the period. Captrust Financial Advisors lifted its position in Universal by 22.4% during the first quarter. Captrust Financial Advisors now owns 6,841 shares of the company’s stock valued at $397,000 after purchasing an additional 1,250 shares during the period. State Street Corp boosted its position in Universal by 6.8% in the 1st quarter. State Street Corp now owns 1,400,212 shares of the company’s stock worth $81,310,000 after purchasing an additional 89,079 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its stake in shares of Universal by 63.2% in the 1st quarter. Vident Investment Advisory LLC now owns 24,332 shares of the company’s stock valued at $1,412,000 after purchasing an additional 9,427 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other 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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Dividend History for Universal (NYSE:UVV)

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