Welcome to our dedicated page for Universal news (Ticker: UVV), a resource for investors and traders seeking the latest updates and insights on Universal stock.
Universal Corporation (NYSE: UVV) is a global agricultural and business-to-business agriproducts company with a long history in international leaf tobacco. The UVV news feed on Stock Titan aggregates company press releases and related coverage so readers can follow how Universal’s Tobacco Operations and Ingredients Operations segments are performing over time.
Recent news from Universal includes quarterly and annual financial results, where management discusses revenue trends, operating income, product mix, and the balance between current and carryover tobacco crops. These updates often highlight customer demand, crop conditions in key growing regions, and developments in the Ingredients Operations segment, such as changes in sales volumes, product mix, and fixed costs tied to facility expansions.
Investors can also track capital structure and liquidity developments through news about Universal’s credit facilities and refinancing transactions, which describe new bank credit agreements, term loans, revolving credit capacity, and related financial covenants. Governance and leadership items, such as the appointment of new directors, executive transitions, and board decisions on quarterly dividends, are regularly communicated through press releases and corresponding SEC filings.
For those following UVV stock, this news page provides a centralized view of Universal’s operational updates, sustainability initiatives described in its communications, and corporate actions that may influence the company’s long-term profile. Bookmark this page to review new earnings releases, capital markets announcements, and governance developments as Universal continues to report on its business-to-business tobacco and agriproducts activities.
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.
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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.
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Universal Corporation (NYSE:UVV) reported solid results for the nine months ended December 31, 2021, with consolidated sales increasing 7% to $1.46 billion. The acquisition of Shank's Extracts enhanced the Ingredients Operations segment, which saw a 116% revenue boost. However, tobacco shipment delays and higher operational costs due to inflation and logistical challenges impacted overall performance. Despite these hurdles, the company maintained strong customer demand and kept its uncommitted tobacco inventory within target ranges.
Universal Corporation (NYSE: UVV) has declared a quarterly dividend of $0.78 per share, scheduled for payment on May 2, 2022. Shareholders of record as of April 11, 2022 will be eligible for this dividend. Headquartered in Richmond, Virginia, Universal is a leading global leaf tobacco supplier and operates in over 30 countries. The company focuses on sustainable supply chains and high-quality agri-products, including plant-based ingredients for the food and beverage markets.
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