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

Universal Corporation (NYSE:UVV) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, October 12th will be paid a dividend of 0.83 per share on Monday, November 2nd. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, October 12th.

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

Universal Stock Performance

Shares of Universal stock opened at $52.03 on Thursday. The company has a quick ratio of 1.66, a current ratio of 3.49 and a debt-to-equity ratio of 0.42. Universal has a 52 week low of $49.19 and a 52 week high of $59.38. The firm’s 50 day moving average is $52.73 and its two-hundred day moving average is $53.30. The firm has a market capitalization of $1.30 billion, a P/E ratio of 40.33, a P/E/G ratio of 4.09 and a beta of 0.60.

Universal (NYSE:UVV) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.43). Universal had a return on equity of 4.43% and a net margin of 1.12%.The company had revenue of $523.78 million for the quarter, compared to analysts’ expectations of $587.00 million. Research analysts forecast that Universal will post 4.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Universal from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings downgraded shares of Universal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Universal

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.