Universal Co. (NYSE:UVV) Declares Dividend Increase – $0.81 Per Share

Universal Co. (NYSE:UVV) declared a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Monday, July 8th will be given a dividend of 0.81 per share on Monday, August 5th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date is Monday, July 8th. This is a positive change from Universal’s previous quarterly dividend of $0.80.

Universal has increased its dividend by an average of 1.3% annually over the last three years and has raised its dividend annually for the last 54 consecutive years.

Universal Stock Performance

NYSE:UVV opened at $46.51 on Friday. The firm has a market capitalization of $1.14 billion, a PE ratio of 9.75 and a beta of 0.79. The company has a current ratio of 3.22, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42. Universal has a 1 year low of $44.40 and a 1 year high of $67.80. The firm’s fifty day simple moving average is $51.42 and its 200 day simple moving average is $54.84.

Analysts Set New Price Targets

Separately, StockNews.com lowered Universal from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th.

Universal Company Profile

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 the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.