Universal Corporation Announces Quarterly Dividend

Universal Corporation (NYSE:UVV) declared a quarterly dividend of $0.79 per share on February 1, 2023.

Rhea-AI Summary

Universal Corporation (NYSE:UVV) declared a quarterly dividend of $0.79 per share on February 1, 2023. This dividend is payable on May 1, 2023, to shareholders of record by the close of business on April 10, 2023. The company, based in Richmond, Virginia, is a leading global supplier of leaf tobacco and other agri-products, operating in over 30 countries. Universal Corporation has a focus on sustainability and provides high-quality, customized agri-products to consumer product manufacturers, leveraging over 100 years of industry experience.

Positive

• Quarterly dividend of $0.79 declared, indicating strong cash flow and commitment to shareholder returns.

Negative

• None.

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RICHMOND, Va., Feb. 1, 2023 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), announced today that the Company's Board of Directors declared a quarterly dividend of seventy-nine cents ($0.79) per share on the common shares of the Company, payable May 1, 2023, to common shareholders of record at the close of business on April 10, 2023.  

Universal Corporation (NYSE: UVV), headquartered in Richmond, Virginia, is a global business-to-business agri-products supplier to consumer product manufacturers, operating in over 30 countries on five continents.  We strive to be the supplier of choice for our customers by leveraging our farmer base, our commitment to a sustainable supply chain, and our ability to provide high-quality, customized, traceable, value-added agri-products essential for our customers' requirements.  We find innovative solutions to serve our customers and have been meeting their agri-product needs for more than 100 years.  Our principal focus since our founding in 1918 has been tobacco, and we are the leading global leaf tobacco supplier. Through our plant-based ingredients platform, we provide a variety of value-added manufacturing processes to produce high-quality, specialty vegetable- and fruit-based ingredients as well as botanical extracts and flavorings for the food and beverage end markets. For more information, visit www.universalcorp.com.

 

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SOURCE Universal Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for Universal Corporation (UVV)?

The declared dividend amount for Universal Corporation (UVV) is $0.79 per share.

When is the payment date for the declared dividend of Universal Corporation (UVV)?

The payment date for the declared dividend is May 1, 2023.

What is the record date for the dividend of Universal Corporation (UVV)?

The record date for the dividend is April 10, 2023.

How often does Universal Corporation (UVV) pay dividends?

Universal Corporation typically declares dividends quarterly.

Is the dividend of Universal Corporation (UVV) sustainable?

The sustainability of the dividend would depend on the company's future earnings and cash flow.