Announces 55th Consecutive Dividend Increase and 2025 Annual Meeting Date
RICHMOND, Va. – Universal Corporation (NYSE: UVV), a leading global business-to-business agriproducts company with a century-long legacy in agricultural supply and innovation, has announced a significant milestone in its ongoing commitment to shareholders. On May 19, 2025, the company’s Board of Directors approved an increased quarterly dividend of $0.82 per share on its common stock, marking the company’s 55th consecutive year of annual dividend growth.
The newly declared dividend will be payable on August 4, 2025, to shareholders of record as of the close of business on July 14, 2025. Based on Universal’s share price of $58.00 at the close of trading on May 19, the increased dividend represents an annualized payout of $3.28 per share and offers investors a notable yield of approximately 5.66%. This substantial and consistent dividend underscores the company’s robust financial foundation and long-standing shareholder-focused philosophy.
Preston D. Wigner, who serves as Chairman, President, and Chief Executive Officer of Universal Corporation, expressed his pride in the company’s continued ability to return capital to shareholders year after year. “We are pleased to announce our 55th annual dividend increase as we continue to execute our business strategy and deliver on our commitment to returning value to our shareholders,” said Wigner. “Our focus on consistent performance, operational discipline, and strategic growth initiatives positions us well for continued success in the years ahead.”
This milestone comes at a time when Universal Corporation continues to build on its strategic objectives in global agriproducts markets. With a footprint that extends across more than 30 countries on five continents, Universal leverages deep-rooted relationships with growers, suppliers, and customers to deliver high-quality, traceable agricultural solutions. The company’s comprehensive business model, which integrates procurement, processing, and logistics, allows it to serve a wide variety of industries while maintaining a commitment to transparency, compliance, and sustainability.
Annual Meeting of Shareholders Set for August 5, 2025
In addition to the dividend declaration, the company also announced that its 2025 Annual Meeting of Shareholders will take place on Tuesday, August 5, 2025, at 11:00 a.m. Eastern Time. The meeting will be held at Universal’s corporate headquarters, offering shareholders an opportunity to receive updates directly from the company’s leadership and vote on matters vital to the firm’s governance and strategic direction. Shareholders of record as of June 5, 2025, will be eligible to participate in and vote at the meeting.
The Annual Meeting represents a key opportunity for the company to engage with its investor base and provide transparency regarding its operational and financial performance, capital allocation strategies, and long-term growth vision. Management is expected to review the company’s fiscal year performance, discuss challenges and opportunities in the global agricultural supply chain, and outline goals for the upcoming fiscal period.
A Century of Agricultural Excellence and Global Impact
Universal Corporation has long been recognized as a leader in the global agricultural value chain. Founded over 100 years ago, the company has evolved from its roots in tobacco leaf procurement to become a diversified provider of customized agriproducts and processing services. Its client base spans multiple sectors, including food and beverage, pharmaceuticals, and industrial applications.
The company’s success is driven by its ability to meet customers’ increasingly complex requirements for safety, quality, and traceability. Universal’s vertically integrated operations allow it to offer end-to-end supply chain solutions, from sourcing and processing raw materials to delivering finished goods. This comprehensive approach provides customers with confidence in product quality, supply chain integrity, and regulatory compliance.
By maintaining strong partnerships with a global network of farmers, Universal ensures a steady, sustainable supply of raw materials while supporting agricultural communities worldwide. The company’s rigorous standards for environmental stewardship, labor practices, and community engagement are integral to its broader environmental, social, and governance (ESG) strategy.
Sustainability and Operational Efficiency at the Core
As part of its long-term vision, Universal continues to invest in sustainability initiatives aimed at reducing its environmental footprint, improving energy and water efficiency, and promoting responsible sourcing. The company’s sustainability goals are aligned with global best practices, and it has implemented a variety of programs to monitor and improve performance across its operations.
This includes the use of technology to enhance agricultural productivity and resource efficiency, training programs for farmers on sustainable practices, and ongoing assessments of environmental and social impacts across the supply chain. Universal is also focused on reducing greenhouse gas emissions and waste, as part of its broader corporate responsibility efforts.
Operational excellence remains a critical pillar of Universal’s strategy. Through continuous improvement initiatives and technology-driven efficiencies, the company is working to enhance its margins, streamline logistics, and ensure high levels of product consistency and quality. These efforts are especially important as the company navigates global supply chain challenges and evolving market dynamics.
Positioned for Resilient Growth
Universal’s strong balance sheet and disciplined capital management enable the company to pursue strategic investments while continuing to deliver attractive returns to shareholders. Whether through organic growth, acquisitions, or joint ventures, the company remains committed to expanding its global presence and strengthening its capabilities in key growth markets.
Despite a complex macroeconomic environment marked by inflationary pressures, trade uncertainties, and climate-related risks, Universal Corporation remains resilient. Its diversified portfolio, global sourcing model, and strong customer relationships provide a firm foundation for navigating volatility and capturing new opportunities.
With more than a century of expertise, a global footprint, and a deep commitment to quality and sustainability, Universal is well-positioned to remain a trusted partner to customers and a reliable investment for shareholders.
