Universal Corporation Announces Quarterly Dividend

Rhea-AI Summary

Universal Corporation (NYSE: UVV) announced a quarterly dividend of $0.77 per share, payable on November 2, 2020. Shareholders of record as of October 12, 2020 will receive the payment. The company, a leading global supplier of leaf tobacco, reported revenues of $1.9 billion for the fiscal year ending March 31, 2020. Founded in 1918, Universal operates in over 30 countries and has continued to focus on sourcing, processing, and supplying agri-products, primarily tobacco.

Positive

• Quarterly dividend announced at $0.77 per share enhances shareholder income.
• Strong cash position indicated by the ability to declare dividends.

Negative

• None.

RICHMOND, Va., Aug. 5, 2020 /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-seven cents ($0.77) per share on the common shares of the Company, payable November 2, 2020, to common shareholders of record at the close of business on October 12, 2020.  

Universal Corporation (NYSE: UVV), headquartered in Richmond, Virginia, sources, processes, and supplies agri-products.  Tobacco has been our principal focus since our founding in 1918, and we are the leading global leaf tobacco supplier.  We conduct business in more than 30 countries on five continents.  Our revenues for the fiscal year ended March 31, 2020, were $1.9 billion. For more information on Universal Corporation, visit our website at www.universalcorp.com.

 

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SOURCE Universal Corporation

FAQ

What is the dividend amount declared by Universal Corporation (UVV)?

Universal Corporation declared a dividend of $0.77 per share.

When will the dividend for Universal Corporation (UVV) be paid?

The dividend will be paid on November 2, 2020.

Who is eligible to receive the dividend from Universal Corporation (UVV)?

Shareholders of record as of October 12, 2020, are eligible to receive the dividend.

What were Universal Corporation's revenues for the fiscal year ended March 31, 2020?

Universal Corporation reported revenues of $1.9 billion for the fiscal year ended March 31, 2020.