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Leaf tobacco supplier Universal Corporation (UVV) will raise its quarterly dividend by 1.0 percent to $0.53 per share.

The increased dividend will be paid on February 8, 2016 to shareholders of record on January 11, 2016.

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.