US: Universal Corp. Raises Dividend for 44th Consecutive Time

Source from:  Virginia Business 11/10/2014

Richmond-based Universal Corp. has increased its quarterly dividend on its common stock by 1 cent to 52 cents a share.

The move marks the 44th consecutive dividend increase for the leaf tobacco company.

The dividend is payable Feb. 9 to common shareholders of record at the close of business on Jan. 12.

The dividend increase represents an annualized rate of $2.08 per share and a yield of approximately 4.6 percent based on the $44.76 closing price on Nov. 5.

Universal operates in more than 30 countries. Its revenues for the fiscal year ended March 31 were $2.5 billion. Enditem