UVV - Universal Corporation Is A Poor Long-Term Dividend Stock Despite Its Growth History
Leaf tobacco supplier Universal Corporation (UVV) is one of the higher-yielding Dividend Champions in the market today. The company's dividend yields a sizable 5.4% and has been increased for each of the past 49 years. With the well-known and ongoing decline of smoking rates, the company is planning to diversify its business for long-term sustainability. While the dividend currently looks to be stable for the short term, there are a number of metrics heading in the wrong direction on long-term trends. The company's goals to diversify introduce various questions of both execution and