Universal Co. (UVV) To Go Ex-Dividend on April 14th

Universal Co. (NYSE:UVV) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders of record on Monday, April 14th will be given a dividend of 0.81 per share on Monday, May 5th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend is Monday, April 14th.

Universal has increased its dividend payment by an average of 1.3% per year over the last three years and has raised its dividend annually for the last 35 consecutive years.

Universal Stock Performance

Universal stock opened at $52.73 on Friday. The company’s 50-day moving average price is $53.90 and its 200-day moving average price is $53.00. Universal has a twelve month low of $45.19 and a twelve month high of $59.13. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.30 billion, a PE ratio of 10.85 and a beta of 0.80.

Universal announced that its board has authorized a share repurchase program on Thursday, November 7th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

About Universal

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.