Universal Co. (UVV) To Go Ex-Dividend on April 5th

Universal Co. (NYSE:UVVGet Free Report) declared a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Monday, April 8th will be paid a dividend of 0.80 per share on Monday, May 6th. This represents a $3.20 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Friday, April 5th.

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

Universal Stock Performance

Shares of UVV opened at $50.73 on Wednesday. The firm has a fifty day moving average of $52.07 and a 200-day moving average of $53.66. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 9.55 and a beta of 0.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 3.22. Universal has a 1 year low of $44.40 and a 1 year high of $67.80.

Universal (NYSE:UVVGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter. Universal had a net margin of 4.98% and a return on equity of 7.46%. The firm had revenue of $821.51 million for the quarter.

Analyst Ratings Changes

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

View Our Latest Stock Report on Universal

Hedge Funds Weigh In On Universal

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Universal during the 4th quarter worth about $28,000. Price T Rowe Associates Inc. MD raised its holdings in Universal by 5.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,509 shares of the company’s stock worth $1,112,000 after purchasing an additional 912 shares in the last quarter. Barclays PLC raised its holdings in Universal by 226.6% during the fourth quarter. Barclays PLC now owns 37,904 shares of the company’s stock worth $2,552,000 after purchasing an additional 26,299 shares in the last quarter. Voya Investment Management LLC lifted its position in Universal by 63.1% in the fourth quarter. Voya Investment Management LLC now owns 16,797 shares of the company’s stock worth $1,131,000 after purchasing an additional 6,498 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in Universal by 1.6% during the 4th quarter. Nuveen Asset Management LLC now owns 85,771 shares of the company’s stock valued at $5,774,000 after purchasing an additional 1,335 shares in the last quarter. Institutional investors own 81.00% of the company’s stock.

About Universal

(Get Free Report)

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.

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Dividend History for Universal (NYSE:UVV)

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