Universal Corp. (UVV) Raises Quarterly Dividend 2.1% to $0.49; 4.6% Yield; Authorizes $100M Buyback

Universal Corp. (NYSE: UVV) declared a quarterly dividend of $0.49 per share, or $1.96 annualized. This is a 2.1% increase from the prior dividend of $0.48.

The dividend will be payable on February 13, 2012, to stockholders of record on January 9, 2012, with an ex-dividend date of January 5, 2012.

The annual yield on the dividend is 4.6 percent.

Universal Corporation (NYSE: UVV), announced today that the Company's Board of Directors approved a program for the repurchase of up to $100 million of Universal Corporation 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 23.2 million common shares outstanding.

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