Universal Corp (NYSE:UVV) announced a quarterly dividend on Tuesday, November 7th, RTT News reports. Stockholders of record on Monday, January 8th will be paid a dividend of 0.55 per share on Monday, February 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, January 5th. This is a positive change from Universal’s previous quarterly dividend of $0.54.
Universal has increased its dividend payment by an average of 1.9% annually over the last three years and has raised its dividend every year for the last 46 years.
Universal (UVV) opened at $52.00 on Thursday. Universal has a 1 year low of $50.80 and a 1 year high of $83.35. The stock has a market cap of $1,290.00, a price-to-earnings ratio of -68.42 and a beta of 1.38. The company has a current ratio of 5.60, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28.
Universal (NYSE:UVV) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share (EPS) for the quarter. The company had revenue of $488.25 million for the quarter. Universal had a net margin of 5.56% and a return on equity of 14.16%.
In related news, Director John B. Adams, Jr. sold 848 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $52.50, for a total value of $44,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Sledd sold 1,755 shares of the stock in a transaction that occurred on 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. 2.30% of the stock is owned by corporate insiders.
Universal declared that its board has initiated a stock buyback plan on Tuesday, November 7th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are 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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