Universal Corporation (UVV) To Go Ex-Dividend on October 9th

Universal Corporation (NYSE:UVV) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, October 12th will be paid a dividend of 0.83 per share on Monday, November 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, October 9th.

Universal has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 56 years.

Universal Stock Down 1.6%

Shares of NYSE UVV opened at $51.23 on Friday. The company has a quick ratio of 1.66, a current ratio of 3.49 and a debt-to-equity ratio of 0.42. Universal has a 52 week low of $49.19 and a 52 week high of $59.38. The firm has a 50-day moving average price of $52.72 and a 200 day moving average price of $53.28. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 66.53, a price-to-earnings-growth ratio of 4.04 and a beta of 0.60.

Universal (NYSE:UVV) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.43). Universal had a return on equity of 3.46% and a net margin of 0.67%.The company had revenue of $523.78 million for the quarter, compared to analysts’ expectations of $587.00 million. Equities research analysts anticipate that Universal will post 4.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Universal from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings cut Universal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Universal

Universal Corporation (NYSE: UVV) is a global agribusiness company primarily engaged in the procurement, processing and sale of leaf tobacco. Headquartered in Richmond, Virginia, the company sources cured leaf tobacco from key growing regions in North and South America, Africa and Asia. Universal serves major multinational tobacco manufacturers by providing a full range of services including inventory management, quality control and logistics support to ensure a consistent and reliable supply of tobacco leaf.

In addition to its core leaf tobacco operations, Universal offers integrated supply-chain services that encompass warehousing, distribution and ingredient sourcing for smokeless and novel tobacco products.