Universal Increases Quarterly Dividend From $0.80 To $0.81 Per Share
Portfolio Pulse from Benzinga Newsdesk
Universal Corporation (NYSE: UVV) announced an increase in its quarterly dividend from $0.80 to $0.81 per share, effective August 5, 2024. This results in an annualized rate of $3.24 per share and a yield of approximately 6.08% based on the closing price of $53.29 on May 20, 2024.
May 22, 2024 | 8:43 pm
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Universal Corporation (NYSE: UVV) has increased its quarterly dividend from $0.80 to $0.81 per share, effective August 5, 2024. This results in an annualized rate of $3.24 per share and a yield of approximately 6.08% based on the closing price of $53.29 on May 20, 2024.
The increase in the dividend is a positive signal to investors, indicating the company's confidence in its financial stability and future earnings. This is likely to attract income-focused investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100