Universal Corp. (UVV) Raises Quarterly Dividend 36.4% to $0.75; 6.2% Yield
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Universal Corporation Announces Enhanced Capital Allocation Strategy and 36% Dividend Increase
May 23, 2018 4:17 PM EDTRICHMOND, Va., May 23, 2018 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced that its Board of Directors approved on Tuesday, May 22, 2018, an enhanced capital allocation strategy that demonstrates the Company's focus on sustainable shareholder value creation. The enhanced strategy is the result of an extensive review of Universal's business and capital allocation strategies by the Company and its outside advisors that began in November 2016.
The Company's strategy focuses on four strategic priorities:
Strengthening and investing for growth in Universal's core tobacco business; Increasing its strong dividend;... More