RICHMOND, Va., May 24, 2023 /PRNewswire/ -- 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 eighty cents($0.80) per share on the common shares of the Company, payable August 7, 2023, to common shareholders of record at the close of business on July 10, 2023. This increase indicates an annualized rate of $3.20 per common share and a yield of approximately 5.99% based on the $53.40 closing price on May 22, 2023.
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