Universal Corporation increases dividend for 44th consecutive year

Universal Corporation (ticker UVV) will raise its dividend by 2%, marking 44 years of consecutive annual dividend increases.

Universal increases its quarterly dividend from $0,51 to $0,52 per share.

The increase indicates an annualized dividend rate of $2,08 per share and a dividend yield of approximately 4,6% based on the $44,76 closing price for Universal Corporation on November 5, 2014.

Headquartered in Richmond, Virginia, Universal Corporation is the leading global leaf tobacco supplier and conducts business in more than 30 countries.  Its revenues for the fiscal year ended March 31, 2014, were $2.5 billion.

George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation noted, "This is our 44th consecutive annual dividend increase.  We are pleased to continue our strong record of providing value to our shareholders through the return of our earnings and cash flow while carefully managing our balance sheet."

Popular posts from this blog