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Universal Corporation Announces Quarterly Dividend and Share Repurchase Program

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Universal (NYSE:UVV) has announced two significant shareholder actions. The Board of Directors declared a quarterly dividend of $0.81 per share, payable February 3, 2025, to shareholders of record as of January 13, 2025. Additionally, the Board approved a $100 million share repurchase program, allowing purchases on the open market or through private negotiations at prevailing market rates. The company currently has approximately 24.7 million common shares outstanding.

Universal (NYSE:UVV) ha annunciato due significative azioni per gli azionisti. Il Consiglio di Amministrazione ha dichiarato un dividendo trimestrale di $0,81 per azione, pagabile il 3 febbraio 2025, agli azionisti registrati al 13 gennaio 2025. Inoltre, il Consiglio ha approvato un programma di riacquisto di azioni da $100 milioni, consentendo acquisti sul mercato aperto o attraverso negoziazioni private ai tassi di mercato prevalenti. Attualmente, la società ha circa 24,7 milioni di azioni ordinarie in circolazione.

Universal (NYSE:UVV) ha anunciado dos acciones significativas para los accionistas. La Junta Directiva declaró un dividendo trimestral de $0.81 por acción, pagadero el 3 de febrero de 2025, a los accionistas registrados al 13 de enero de 2025. Además, la Junta aprobó un programa de recompra de acciones de $100 millones, permitiendo compras en el mercado abierto o a través de negociaciones privadas a precios de mercado vigentes. Actualmente, la compañía tiene aproximadamente 24.7 millones de acciones ordinarias en circulación.

유니버설 (NYSE:UVV)은 두 가지 중요한 주주 조치를 발표했습니다. 이사회는 $0.81의 분기 배당금을 선언했으며, 이는 2025년 2월 3일에 2025년 1월 13일 기준 주주에게 지급됩니다. 또한 이사회는 1억 달러 규모의 자사주 매입 프로그램을 승인하여 공개 시장이나 현재 시장 비율에 따라 개인 협상을 통해 구매할 수 있도록 합니다. 현재 회사는 약 2470만 주의 보통주를 발행하고 있습니다.

Universal (NYSE:UVV) a annoncé deux actions significatives pour les actionnaires. Le Conseil d'Administration a déclaré un dividende trimestriel de 0,81 $ par action, payable le 3 février 2025, aux actionnaires enregistrés au 13 janvier 2025. De plus, le Conseil a approuvé un programme de rachat d'actions de 100 millions $, permettant des achats sur le marché ouvert ou par des négociations privées aux taux de marché en vigueur. La société compte actuellement environ 24,7 millions d'actions ordinaires en circulation.

Universal (NYSE:UVV) hat zwei bedeutende Maßnahmen für die Aktionäre angekündigt. Der Vorstand hat eine quartalsweise Dividende von 0,81 $ pro Aktie erklärt, die am 3. Februar 2025 an die zum 13. Januar 2025 eingetragenen Aktionäre ausgezahlt wird. Darüber hinaus genehmigte der Vorstand ein Aktienrückkaufprogramm über 100 Millionen $, das Käufe auf dem offenen Markt oder durch private Verhandlungen zu den geltenden Marktpreisen ermöglicht. Das Unternehmen hat derzeit etwa 24,7 Millionen ausstehende Stammaktien.

Positive
  • Board approved $100 million share repurchase program
  • Maintained quarterly dividend of $0.81 per share
  • Share repurchase program demonstrates confidence in company's financial position
Negative
  • None.

Insights

The dual announcement of a $0.81 quarterly dividend and a substantial $100 million share repurchase program signals strong financial confidence from Universal 's management. With approximately 24.7 million shares outstanding, the buyback program represents about 7.6% of the company's current market capitalization of $1.32 billion.

The dividend continuation at $0.81 per share implies an annual yield of about 6.1% at current prices, positioning UVV as an attractive dividend stock. The share repurchase authorization demonstrates management's belief that the stock is undervalued and reflects their commitment to returning capital to shareholders. This program could provide meaningful support for the stock price while reducing the share count and increasing earnings per share.

RICHMOND, Va., Nov. 7, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced today that the Company's Board of Directors declared a quarterly dividend of eighty-one cents ($0.81) per share on the common shares of the Company, payable February 3, 2025, to common shareholders of record at the close of business on January 13, 2025.  

In addition, the Company announced that the Company's Board of Directors has approved a program for the repurchase of up to $100 million of Universal Corporation shares of common stock. The authorized purchases may be made from time to time on the open market or in privately negotiated transactions at prices not exceeding prevailing market rates. Universal currently has approximately 24.7 million common shares outstanding.

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.

Universal Corporation logo (PRNewsFoto/Universal Corporation)

 

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SOURCE Universal Corporation

FAQ

What is Universal 's (UVV) new quarterly dividend amount for 2025?

Universal 's quarterly dividend is $0.81 per share, payable February 3, 2025, to shareholders of record as of January 13, 2025.

How much is Universal 's (UVV) new share repurchase program worth?

Universal 's Board of Directors approved a share repurchase program worth up to $100 million.

How many common shares does Universal (UVV) currently have outstanding?

Universal currently has approximately 24.7 million common shares outstanding.

When will Universal (UVV) pay its next quarterly dividend?

Universal will pay its quarterly dividend on February 3, 2025, to shareholders of record as of January 13, 2025.

Universal Corporation

NYSE:UVV

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1.31B
24.69M
3.13%
81.36%
1.55%
Tobacco
Wholesale-farm Product Raw Materials
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United States of America
RICHMOND