RICHMOND, Va., Nov. 7, 2024
/PRNewswire/ -- Universal Corporation (NYSE:UVV), a global
business-to-business agriproducts company, announced today that the
Company's Board of Directors declared a quarterly dividend of
eighty-one cents ($0.81) per share on the common shares of the
Company, payable February 3, 2025, to
common shareholders of record at the close of business on
January 13, 2025.
In addition, the Company announced that the Company's Board of
Directors has approved a program for the repurchase of up to
$100 million of Universal Corporation
shares of common stock. The authorized purchases may be made from
time to time on the open market or in privately negotiated
transactions at prices not exceeding prevailing market rates.
Universal currently has approximately 24.7 million common shares
outstanding.
Universal Corporation (NYSE: UVV) is a global agricultural
company with over 100 years of experience supplying products and
innovative solutions to meet our customers' evolving needs and
precise specifications. Through our diverse network of farmers and
partners across more than 30 countries on five continents, we are a
trusted provider of high-quality, traceable products. We leverage
our extensive supply chain expertise, global reach, integrated
processing capabilities, and commitment to sustainability to
provide a range of products and services designed to drive
efficiency and deliver value to our customers. For more
information, visit www.universalcorp.com.
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SOURCE Universal Corporation