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Hot Stocks
Universal Corporation raises annual dividend to $3.08 per common share » 16:16
05/27/20
05/27
16:16
05/27/20
16:16
UVV

Universal Corporation

$45.38 /

+1.08 (+2.44%)

The company's Board…

The company's Board of Directors declared a quarterly dividend of 77c per share on the common shares of the company, payable August 3 to common shareholders of record at the close of business on July 13. This increase indicates an annualized rate of $3.08 per common share and a yield of approximately 7% based on the $44.35 closing price on May 26.

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UVV Universal Corporation
$45.38 /

+1.08 (+2.44%)

Over a quarter ago
Hot Stocks
Universal Corporation completes acquisition of FruitSmart » 16:16
01/03/20
01/03
16:16
01/03/20
16:16
UVV

Universal Corporation

$57.29 /

+0.46 (+0.81%)

Universal Corporation…

Universal Corporation announced that it has successfully completed its previously announced acquisition of FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets. Universal funded the transaction with a combination of cash on hand and existing borrowing capacity. The acquisition provides Universal with a new growth opportunity in an adjacent industry and represents a foundational step in building a broader agri-products services platform. The business is headquartered in the Yakima Valley of the state of Washington, where it has approximately 200 employees and two manufacturing facilities.

Hot Stocks
Universal Corporation to acquire FruitSmart, terms not stated » 17:08
11/20/19
11/20
17:08
11/20/19
17:08
UVV

Universal Corporation

$50.73 /

-0.84 (-1.63%)

Universal Corporation…

Universal Corporation announced that it has entered into a definitive agreement to acquire FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets. The business is headquartered in the Yakima Valley of the state of Washington, where it has approximately 200 employees and two manufacturing facilities. Universal Corporation expects the transaction to close in the current fiscal year. Following the close of the transaction, Terry Chambers, President of FruitSmart, will continue to lead the FruitSmart business as President. Universal Corporation anticipates this acquisition will be accretive to earnings the first fiscal year following closing. As previously outlined, Universal Corporation believes businesses in adjacent industries could represent at least 10% to 20% of earnings in the next five years. Universal Corporation expects to fund the transaction with a combination of cash on hand and existing borrowing capacity.

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