Universal Corp (NYSE:UVV) shares reached a new 52-week high during trading on Friday after the company announced a dividend. The company traded as high as $76.98 and last traded at $70.66, with a volume of 9121 shares. The stock had previously closed at $69.00.

The newly announced dividend which will be paid on Monday, February 4th. Shareholders of record on Monday, January 7th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, January 4th.

The stock has a market capitalization of $1.74 billion, a P/E ratio of 17.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.26 and a quick ratio of 1.90.

In other Universal news, Director John B. Adams, Jr. sold 3,000 shares of Universal stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $67.29, for a total value of $201,870.00. Following the transaction, the director now directly owns 13,805 shares in the company, valued at approximately $928,938.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Federated Investors Inc. PA grew its stake in shares of Universal by 823.6% in the 2nd quarter. Federated Investors Inc. PA now owns 1,524 shares of the company’s stock valued at $101,000 after purchasing an additional 1,359 shares during the last quarter. GAM Holding AG purchased a new position in shares of Universal in the 2nd quarter valued at approximately $200,000. Kovack Advisors Inc. purchased a new position in shares of Universal in the 2nd quarter valued at approximately $206,000. Creative Planning purchased a new position in shares of Universal in the 2nd quarter valued at approximately $219,000. Finally, Amalgamated Bank purchased a new position in shares of Universal in the 2nd quarter valued at approximately $239,000. Institutional investors own 85.15% of the company’s stock.

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About Universal (NYSE:UVV)

Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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