RICHMOND, Va., May 26, 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 August
2, 2021, to common shareholders of record at the close of
business on July 12, 2021. This
increase indicates an annualized rate of $3.12 per common share and a yield of
approximately 5% based on the $59.06
closing price on May 25, 2021.
Mr. Freeman noted, "Universal has raised its common dividend
every year since 1971. Today's 51st consecutive annual
dividend increase dividend increase is in line with our capital
allocation strategy and our commitment to deliver shareholder
value."
The Board of Directors set the date of the Annual Meeting of
Shareholders as Tuesday, August 3,
2021. It will be held at 11:00
a.m. at the Company's headquarters building. The Board
of Directors set the record date for the Annual Meeting of
Shareholders as June 8, 2021.
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,
that sources and processes leaf tobacco and plant-based
ingredients. Tobacco has been the Company's principal focus
since its founding in 1918, and Universal is the leading global
leaf tobacco supplier. Through the Company's plant-based
ingredients platform, it provides a variety of value-added
manufacturing processes to produce high-quality, specialty
vegetable- and fruit-based ingredients for the food and beverage
end markets. Universal has been finding innovative solutions
to serve its customers and meet their agri-product needs for more
than 100 years. The Company's revenues for the fiscal year
ended March 31, 2020, were
$1.9 billion. Visit
www.universalcorp.com for more information on Universal Corporation
and the latest Company news.
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SOURCE Universal Corporation