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UNIVERSAL CORPORATION BOARD ANNOUNCES STOCK SPLITS; DECLARES DIVIDENDS

UNIVERSAL CORPORATION BOARD ANNOUNCES STOCK SPLITS; DECLARES DIVIDENDS
 RICHMOND, Va., Dec. 5 /PRNewswire/ -- The Board of Directors of Universal Corporation (NYSE: UVV) at a meeting held today, took the following actions:
 Declared a two for one stock split on the shares of the common stock of the Company. One additional share will be issued for each common share outstanding to shareholders of record on Dec. 16, 1991. Certificates for the additional shares will be mailed on Dec. 31, 1991.
 Preferred share purchase rights which trade with the common shares are also split.
 The number of common shares outstanding will be 32,781,800 after the split.
 Declared that the regular semi-annual dividend of four percent ($4.00 per share) on the preferred stock of the Company be made payable Feb. 10, 1992 to preferred shareholders of record at the close of business on Jan. 13, 1992.
 Declared that a regular quarterly dividend of twenty cents ($.20) per share on the common stock (after the stock split) of the Company be made payable Feb. 10, 1992 to common shareholders of record at the close of business on Jan. 13, 1992.
 -0- 12/5/91
 /CONTACT: O. Kemp Dozier, Vice President and Treasurer, Universal Corporation, 804-254-3720/
 (UVV) CO: Universal Corporation ST: Virginia IN: TOB SU: DIV


CM -- CH004 -- 9664 12/05/91 12:16 EST
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Publication:PR Newswire
Date:Dec 5, 1991
Words:223
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