1. UVV declares a quarterly dividend of $0.82 per share. 2. This annual increase gives a dividend yield of approximately 5.66%. 3. CEO emphasized commitment to shareholder value and operational excellence. 4. The next Annual Meeting of Shareholders is set for August 5, 2025. 5. Universal's century-long experience enhances its market trust and product quality.
The dividend increase signals financial health, likely boosting investor confidence and price supported by historical trends where dividend growth often correlates with stock price appreciation.
The significant dividend increase and commitment to shareholder value can attract investors seeking stability, thus affecting stock performance positively.
Sustained dividend growth reflects company stability, enhancing long-term investor sentiment as seen in similar firms maintaining consistent dividends over multiple years.
RICHMOND, Va.--(BUSINESS WIRE)-- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced today that its Board of Directors declared a quarterly dividend of $0.82 per share on the common shares of the Company, payable August 4, 2025, to common shareholders of record at the close of business on July 14, 2025. This increase indicates an annualized rate of $3.28 per common share and a yield of approximately 5.66% based on the $58.00 per share closing price on May 19, 2025.
Preston D. Wigner, Chairman, President, and Chief Executive Officer of Universal, noted, “We are pleased to announce our 55th annual dividend increase as we continue to execute our business strategy and deliver on our commitment to returning value to our shareholders. Our focus on consistent performance and operational excellence positions us well for continued success.”
The Board of Directors set the date of the Company’s 2025 Annual Meeting of Shareholders as Tuesday, August 5, 2025. It will be held at 11:00 a.m. Eastern Time at the Company’s headquarters building. The Board of Directors set the record date for the 2025 Annual Meeting of Shareholders as June 5, 2025.
Universal Corporation (NYSE: UVV) is a global agricultural company with over 100 years of experience supplying products and innovative solutions to meet our customers’ evolving needs and precise specifications. Through our diverse network of farmers and partners across more than 30 countries on five continents, we are a trusted provider of high-quality, traceable products. We leverage our extensive supply chain expertise, global reach, integrated processing capabilities, and commitment to sustainability to provide a range of products and services designed to drive efficiency and deliver value to our customers. For more information, visit www.universalcorp.com.