UVV - Universal Corporation: Tobacco Leader Offers Compelling 6.4% Dividend Yield
2024-02-21 14:12:48 ET
Summary
- Universal Corporation reported fiscal Q3 earnings highlighted by steady growth and profitability amid a strong tobacco pricing environment.
- Despite declining cigarette sales globally as an industry theme, the company is well positioned to benefit from a boom in next-generation smokeless products.
- We are bullish on Universal Corporation stock, which offers an attractive 6.4% dividend yield.
Universal Corporation ( UVV ) reported its latest quarterly result, highlighted by steady growth and profitability. The company, recognized as the world's largest supplier of raw tobacco leaf, has benefited from strong pricing, helping to balance ongoing industry headwinds on the volume side....
Universal Corporation: Tobacco Leader Offers Compelling 6.4% Dividend Yield