Universal Stock Price, News & Analysis

Universal Corporation (UVV) reports strong demand for both tobacco and plant-based products. For the six months ended September 30, 2022, sales increased by 34% to $1,080.8 million, driven by robust tobacco shipments and a successful Ingredients Operations segment. Operating income rose 27% to $51.2 million. Despite inflationary costs, both segments showed profitability, with Ingredients Operations achieving a 44% revenue increase. The company plans to decrease debt over the next two quarters as seasonal sales improve. However, challenges in specific regions and lower-margin tobacco sales remain a concern.

Universal Corporation (NYSE: UVV) declared a quarterly dividend of $0.79 per share, payable on February 6, 2023, to shareholders on record as of January 9, 2023. Furthermore, the Board approved a $100 million share repurchase program, allowing purchases in the open market or through private transactions. With approximately 24.6 million shares outstanding, this buyback underscores the company's commitment to enhancing shareholder value. Universal Corporation operates globally in over 30 countries, primarily focusing on agri-products and being the leading supplier of leaf tobacco.

Universal Corporation (NYSE: UVV) reported a revenue increase of 23% to $429.8 million for the quarter ending June 30, 2022, driven by strong tobacco sales and the acquisition of Shank's Extracts. However, operating income for its Tobacco Operations segment declined by 9% to $8.1 million, largely due to unfavorable foreign currency rates. The Ingredients Operations segment showed growth, with sales up 46% to $81.8 million. Despite rising costs, including a 22% increase in cost of goods sold, the company maintained a gross profit margin of 18.5%.

Universal Corporation (NYSE: UVV) declared a quarterly dividend of $0.79 per share on August 3, 2022. This dividend is payable on November 7, 2022, to shareholders recorded by the close of business on October 10, 2022. The company, headquartered in Richmond, Virginia, operates as a global supplier of agri-products, primarily focusing on tobacco and plant-based ingredients. With over 100 years of experience, Universal aims to leverage its sustainable supply chain and farmer base to meet customer needs.

Universal Corporation (NYSE:UVV) reported fiscal year 2022 results showing a 6% revenue increase to $2.1 billion, driven by strong performance in its Ingredients Operations segment. The Ingredients segment rose 89% to $267.8 million, aided by the acquisition of Shank's Extracts. Conversely, Tobacco Operations faced challenges, with revenues declining slightly to $1.8 billion due to shipping constraints and lower African burley tobacco crops. Despite these hurdles, the company announced its 52nd annual dividend increase, emphasizing its commitment to shareholder value.

Universal Corporation (NYSE: UVV) has declared a quarterly dividend of $0.79 per share, payable on August 1, 2022, to shareholders of record by July 11, 2022. This increase signifies an annualized rate of $3.16 per share, with a yield of approximately 5% based on a closing price of $60.22 on May 23, 2022. The company proudly announces its 52nd consecutive annual dividend increase, reinforcing its commitment to shareholder returns. Additionally, the Annual Meeting of Shareholders is scheduled for August 2, 2022.