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Universal Corp. (UVV) Declares $0.77 Quarterly Dividend; $100M Buyback

November 5, 2020 5:34 PM EST

Universal Corp. (NYSE: UVV) declared a quarterly dividend of $0.77 per share, or $3.08 annualized. The dividend will be payable on February 1, 2021, to stockholders of record on January 11, 2021, with an ex-dividend date of January 8, 2021.The annual yield on the dividend is 7.6 percent.

In addition, Mr. Freeman 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 24.5 million common shares outstanding.

For a dividend history and other dividend-related data on Universal Corp. (UVV) click here.



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