Looking at the universe of stocks we cover at Dividend Channel, on 1/10/13, Universal Corp. (NYSE: UVV) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 2/11/13. As a percentage of UVV's recent stock price of $51.59, this dividend works out to approximately 0.97%, so look for shares of Universal Corp. to trade 0.97% lower — all else being equal — when UVV shares open for trading on 1/10/13.
Below is a dividend history chart for UVV, showing historical dividends prior to the most recent $0.50 declared by Universal Corp.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from UVV is likely to continue, and whether the current estimated yield of 3.88% on annualized basis is a reasonable expectation of annual yield going forward.
According to the ETF Finder at ETF Channel, UVV makes up 1.82% of the High Yield Equity Dividend Achievers Portfolio ETF (AMEX: PEY)which is trading lower by about 0.1% on the day Tuesday.
In Tuesday trading, Universal Corp. shares are currently up about 0.6% on the day.
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