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Press release from PR Newswire

Universal Corporation Announces Quarterly Dividends

Tuesday, August 03, 2010

Universal Corporation Announces Quarterly Dividends15:59 EDT Tuesday, August 03, 2010RICHMOND, Va., Aug. 3 /PRNewswire-FirstCall/ -- George C. Freeman, III, Chairman, President and Chief Executive Officer of Universal Corporation (NYSE: UVV), announced today that the Company's Board of Directors declared a quarterly dividend of forty-seven cents ($0.47) per share on the common shares of the Company, payable November 8, 2010, to common shareholders of record at the close of business on October 12, 2010. In addition, the Board of Directors declared a quarterly dividend of $16.875 per share on the Series B 6.75% Convertible Perpetual Preferred Stock ("Series B Preferred Stock"), payable September 15, 2010, to shareholders of record as of 5:00 p.m. Eastern Time on September 1, 2010.  Headquartered in Richmond, Virginia, Universal Corporation is the world's leading tobacco merchant and processor and conducts business in more than 30 countries.  Its revenues from continuing operations for the fiscal year ended March 31, 2010, were $2.5 billion. For more information on Universal Corporation, visit its web site at www.universalcorp.com.SOURCE Universal CorporationFor further information: Karen M. L. Whelan, +1-804-359-9311, Fax: +1-804-254-3594, investor@universalleaf.com