Universal Corporation: Tobacco Leader Offers Compelling 6.4% Dividend Yield

Alexandr Screaghin /iStock via Getty Images Universal Corporation (NYSE:UVV) reported its latest quarterly result, highlighted by steady growth and profitability. The company, recognized as the world's largest supplier of raw tobacco leaf, has benefited from strong pricing, helping to balance ongoing industry headwinds on the volume side. The attraction here is that even as cigarette sales are down globally, the rise of smokeless tobacco products including vaporizers and oral nicotine pouches has worked ...