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RICHMOND – Universal Corporation (NYSE:UVV), a leading global agriproducts company with a market capitalization of $1.29 billion, has declared a quarterly dividend of eighty-one cents ($0.81) per share. The dividend is to be paid on May 5, 2025, to shareholders of record as of April 14, 2025. According to InvestingPro, the company has maintained dividend payments for 55 consecutive years and currently offers a notable 6.18% dividend yield.
The company, which boasts a century-long history, operates a vast network of farming and partnership operations across more than 30 countries on five continents. Known for its commitment to high-quality, traceable products, Universal Corporation has positioned itself as a key player in the agricultural sector, generating annual revenues of $2.83 billion. InvestingPro analysis shows the company trades at an attractive P/E ratio of 10.62, with liquid assets exceeding short-term obligations as evidenced by a healthy current ratio of 2.6.
Universal Corporation’s expertise in supply chain management, along with its integrated processing capabilities and dedication to sustainability, has allowed it to meet the evolving needs of its clients with precision. The announcement of this dividend underscores the company’s financial strength and its ability to generate shareholder value consistently.
This financial move by Universal Corporation is based on a press release statement and reflects the company’s ongoing strategy to return value to its investors. It is an indicator of Universal Corporation’s stable financial performance and its role as a trusted provider in the global agricultural market.
In other recent news, Universal Corporation has secured an extension for the delivery of its second quarter 2025 financial statements, according to a recent SEC filing. The company has negotiated this extension with its lenders, allowing it until February 14, 2025, to fulfill its reporting obligations. This development follows a previous consent obtained by Universal Corporation that set a deadline of December 31, 2024, for the same financials.
In addition to this, Universal Corporation has also declared a quarterly dividend and approved a new share repurchase program. The company’s Board of Directors declared a dividend of eighty-one cents per share, payable on February 3, 2025, to shareholders of record as of January 13, 2025. Alongside this, Universal Corporation revealed a share repurchase initiative, authorizing the buyback of up to $100 million of its common stock.
These are recent developments and reflect the company’s latest strategic financial decisions. The extension agreement was under a credit arrangement initially dated December 15, 2022, with JPMorgan Chase (NYSE:JPM) Bank, N.A. serving as the Administrative Agent. The share repurchase program underscores the company’s financial health and commitment to shareholder returns.
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