S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
RICHMOND, Va. - Universal Corporation (NYSE:UVV), an established player in the agriproducts sector, has announced an increase in its quarterly dividend to $0.82 per share, which will be payable on August 4, 2025, to shareholders on record as of July 14, 2025. This adjustment reflects an annualized dividend rate of $3.28 per share and is based on the closing stock price of $58.00 on May 19, 2025, resulting in a yield of around 5.66%. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years and currently trades at an attractive P/E ratio of 11.45.
Preston D. Wigner, the Chairman, President, and CEO of Universal, expressed satisfaction with the company’s performance, stating, "We are pleased to announce our 55th annual dividend increase as we continue to execute our business strategy and deliver on our commitment to returning value to our shareholders." He attributed the company’s ability to consistently raise dividends to its focus on operational excellence and reliable performance. InvestingPro analysis reveals the company’s strong financial health with a "GREAT" overall score and a comfortable current ratio of 2.7, indicating robust liquidity management. Discover 6 more exclusive ProTips and comprehensive financial metrics with an InvestingPro subscription.
In addition to the dividend announcement, the company also declared the date for its 2025 Annual Meeting of Shareholders, which is scheduled for Tuesday, August 5, 2025. The event will take place at 11:00 a.m. Eastern Time at Universal’s headquarters. The record date for shareholders eligible to vote at the meeting has been set for June 5, 2025.
Universal Corporation, with a history spanning over a century, operates a vast network that spans more than 30 countries across five continents. The company prides itself on being a trusted supplier of high-quality, traceable agricultural products. Its commitment to sustainability and its integrated processing capabilities have made it a key player in the agricultural industry, aiming to provide value and efficiency for its customers through its services and products.
This information is based on a press release statement from Universal Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.