Universal Corporation Board Declares $0.83 Dividend, Approves $100 Million Buyback

Universal Corporation’s board declared a quarterly dividend of $0.83 per share and approved a stock buyback of up to $100 million, outlining two planned capital returns to shareholders.

Payment is scheduled for Feb. 1, 2027. Shareholders of record at the close of business Jan. 11 will be eligible for the dividend.

The repurchase program permits purchases in the open market or through privately negotiated transactions, at prices no higher than prevailing market rates. Universal has about 24.9 million common shares outstanding.