Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Universal Corporation (UVV) shares soared to a 52-week high of $59.85, reflecting a significant uptrend in the company’s market performance. According to InvestingPro data, the company maintains a "GREAT" financial health score, with particularly strong momentum metrics. This peak represents a notable milestone for the tobacco company, which has seen its stock value climb by an impressive 37.5% over the past year. Investors have shown increased confidence in Universal’s business model and growth prospects, evidenced by its attractive P/E ratio of 11.7x and robust 12.9% revenue growth. The company also boasts an impressive 33-year streak of dividend increases, currently yielding 5.5%. With earnings scheduled for May 29, InvestingPro subscribers can access additional insights and 6 more exclusive ProTips about UVV’s financial outlook.
In other recent news, Universal Corporation has announced an increase in its quarterly dividend to $0.82 per share, payable on August 4, 2025, to shareholders on record as of July 14, 2025. This marks the company’s 55th annual dividend increase, reflecting an annualized rate of $3.28 per share. Chairman, President, and CEO Preston D. Wigner attributed this increase to the company’s focus on operational excellence and reliable performance. Additionally, Universal Corporation has appointed Fay Manolios to its Board of Directors, effective June 1, 2025, as the company prepares for the retirement of Michael T. Lawton. Manolios brings over 25 years of experience, including a decade at Capital One Financial Corporation (NYSE:COF). Her expertise in strategy development and human resources is expected to support Universal’s strategic initiatives. The company’s 2025 Annual Meeting of Shareholders is scheduled for August 5, 2025, at its headquarters. These developments highlight Universal Corporation’s ongoing commitment to strategic growth and shareholder value.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.