RICHMOND, Va., May 22, 2024
/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 eighty-one
cents ($0.81) per share on the
common shares of the Company, payable August
5, 2024, to common shareholders of record at the close of
business on July 8, 2024. This
increase indicates an annualized rate of $3.24 per common share and a yield of
approximately 6.08% based on the $53.29 closing price on May 20, 2024.
Mr. Freeman noted, "We are pleased to announce our 54th annual
dividend increase for our shareholders. This decision reflects the
Universal Corporation Board's confidence in our business strategy
and disciplined investment decisions."
The Board of Directors set the date of the Annual Meeting of
Shareholders as Tuesday, August 6,
2024. 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 6, 2024.
Universal Corporation (NYSE: UVV), is a global agricultural
company with over 100 years of experience supplying products and
innovative solutions to meet our customers' evolving needs and
precise specifications. Through our diverse network of farmers and
partners across more than 30 countries on five continents, we are a
trusted provider of high-quality, traceable products. We leverage
our extensive supply chain expertise, global reach, integrated
processing capabilities, and commitment to sustainability to
provide a range of products and services designed to drive
efficiency and deliver value to our customers. For more
information, visit www.universalcorp.com.
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SOURCE Universal Corporation