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Universal Corporation (UVV) will raise its quarterly dividend to $0.52 per share. It's the 44th consecutive year of dividend increases for Universal Corporation. The increased dividend will be paid in February 2015.

The new indicated dividend yield for UVV is 4.6% based on Wednesday's closing price of $44.76.

Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. Headquartered in Richmond, Virginia, Universal Corporation operates in more than 30 countries spanning five continents.