Universal Corporation Announces Quarterly Dividend

Rhea-AI Summary

Universal Corporation (NYSE:UVV) has declared a quarterly dividend of $0.78 per share on common shares, payable on February 7, 2022. To qualify, shareholders must own shares by the close of business on January 10, 2022. Based in Richmond, Virginia, Universal Corporation operates in over 30 countries, specializing in agri-products, particularly as a leading supplier of leaf tobacco. The company emphasizes a commitment to a sustainable supply chain and high-quality value-added products for its customers, which include consumer product manufacturers.

Positive

• Quarterly dividend increased to $0.78 per share, indicating strong cash flow.
• Company's commitment to sustainability may attract more investors.
• Global operations in over 30 countries enhance market presence.

Negative

• Heavy reliance on tobacco industry could pose sustainability risks.

RICHMOND, Va., Nov. 3, 2021 /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-eight cents ($0.78) per share on the common shares of the Company, payable February 7, 2022, to common shareholders of record at the close of business on January 10, 2022.  

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 flavorings and extracts for the food and beverage end markets. For more information, visit www.universalcorp.com.

     

View original content to download multimedia:https://www.prnewswire.com/news-releases/universal-corporation-announces-quarterly-dividend-301415731.html

SOURCE Universal Corporation

FAQ

What is the amount of the quarterly dividend declared by Universal Corporation?

Universal Corporation declared a quarterly dividend of $0.78 per share.

When is the dividend payable to shareholders?

The dividend is payable on February 7, 2022.

What is the record date for the dividend?

The record date for the dividend is January 10, 2022.

How does Universal Corporation ensure sustainability in its operations?

Universal Corporation emphasizes a commitment to a sustainable supply chain as part of its business model.

In which regions does Universal Corporation operate?

Universal Corporation operates in over 30 countries across five continents.