US: Tobacco Leaf Dealer Universal Corp. Raises Dividend, Plans Stock Repurchase

Source from:  Richmond Times Dispatch 11/07/2013

Tobacco leaf dealer Universal Corp. has increased its quarterly dividend and announced Tuesday it plans to repurchase up to $100 million of its common stock.
 
The Richmond-based company said its board of directors voted to increase its quarterly dividend on common shares by one cent to 51 cents per share, for an annualized rate of $2.04 per share.

The dividend is payable Feb. 10 to common shareholders of record at the close of business on Jan. 13.

Universal currently has about 23.2 million common shares outstanding.

The company said the share repurchases may be made from time to time on the open market or in privately negotiated transactions. Enditem