|Bid||45.59 x 800|
|Ask||45.58 x 1000|
|Day's Range||44.74 - 45.75|
|52 Week Range||37.04 - 58.30|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||20.01|
|Forward Dividend & Yield||3.08 (6.79%)|
|Ex-Dividend Date||Jan 08, 2021|
|1y Target Est||N/A|
George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, "as we mentioned in our first fiscal quarter, timing factors related to COVID-19 continued to impact our results in the second quarter of fiscal year 2021. Our tobacco customer orders for crop year 2020 are strong, however, and the vast majority of these committed orders are packed awaiting shipment, with customer mandated shipment timing heavily weighted to our fourth quarter of fiscal year 2021. In addition, our uncommitted inventories have come down significantly from the levels at the end of fiscal year 2020 and are at 16% of tobacco inventories as of September 30, 2020, which is well within our target range. At this time, we believe our adjusted operating income for fiscal year 2021, excluding acquisitions, will materially exceed that of fiscal year 2020 barring any unforeseen events including shipment delays due to lack of vessel or container availability, port congestion, or COVID-19 related uncertainties. We are closely monitoring shipping conditions and currently expect to complete our scheduled shipments prior to our 2021 fiscal year end."
George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE: UVV), announced today that the Company's Board of Directors declared a quarterly dividend of seventy-seven cents ($0.77) per share on the common shares of the Company, payable February 1, 2021, to common shareholders of record at the close of business on January 11, 2021.
Universal Corporation (NYSE: UVV) will webcast its conference call on November 5, 2020, following the release of its results for the second quarter of fiscal year 2021 after market close on that date. The conference call will begin at 5:00 p.m. Eastern Time and will be hosted by Candace C. Formacek, Vice President and Treasurer.