Universal Corporation Announces Quarterly Dividend and Share Repurchase Plan

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RICHMOND, Va., Nov. 5, 2020 /PRNewswire/ — George C. Freeman, III, Chairman, President, and Chief Government Officer of Common Company (NYSE: UVV), introduced nowadays that the Company’s Board of Administrators declared a quarterly dividend of seventy-seven cents ($.77) per share on the widespread shares of the Business, payable February 1, 2021, to frequent shareholders of document at the near of company on January 11, 2021.

In addition, Mr. Freeman introduced that the Company’s Board of Directors has accepted a application for the repurchase of up to $100 million of Common Company shares of prevalent inventory. The approved buys may well be made from time to time on the open industry or in privately negotiated transactions at prices not exceeding prevailing market place premiums. Universal currently has approximately 24.5 million popular shares fantastic.

Common Corporation (NYSE: UVV), headquartered in Richmond, Virginia, is a international agri-products supplier, operating in about 30 nations around the world on five continents, that sources, procedures, and provides leaf tobacco and plant-centered elements. Tobacco has been the Company’s principal focus considering the fact that its founding in 1918, and Common is the foremost global leaf tobacco provider. By means of the Company’s plant-centered components platform, it gives higher-quality, specialty vegetable- and fruit-primarily based ingredients to food items and beverage finish marketplaces. Universal has been acquiring revolutionary answers to serve its shoppers and satisfy their agri-merchandise requires for far more than 100 yrs. The Company’s revenues for the fiscal yr ended March 31, 2020, ended up $1.9 billion. Pay a visit to universalcorp.com for more info on Common Corporation and the most recent Business information.

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Source Universal Company