Universal Corporation (NYSE:UVV) to Issue Quarterly Dividend of $0.83

Universal Corporation (NYSE:UVV) declared a quarterly dividend on Tuesday, May 19th. Shareholders of record on Monday, July 13th will be given a dividend of 0.83 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, July 13th. This is a 1.2% increase from Universal’s previous quarterly dividend of $0.82.

Universal has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 56 years.

Universal Stock Down 0.1%

UVV stock opened at $54.39 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 2.91 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.36 billion, a PE ratio of 16.04, a PEG ratio of 3.09 and a beta of 0.61. Universal has a twelve month low of $49.96 and a twelve month high of $67.33. The stock has a 50-day simple moving average of $52.86 and a two-hundred day simple moving average of $53.37.

Analyst Ratings Changes

Several research firms have recently weighed in on UVV. Wall Street Zen cut shares of Universal from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research raised shares of Universal from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings cut shares of Universal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Universal Company Profile

Universal Corporation (NYSE: UVV) is a global agribusiness company primarily engaged in the procurement, processing and sale of leaf tobacco. Headquartered in Richmond, Virginia, the company sources cured leaf tobacco from key growing regions in North and South America, Africa and Asia. Universal serves major multinational tobacco manufacturers by providing a full range of services including inventory management, quality control and logistics support to ensure a consistent and reliable supply of tobacco leaf.

In addition to its core leaf tobacco operations, Universal offers integrated supply-chain services that encompass warehousing, distribution and ingredient sourcing for smokeless and novel tobacco products.