5 Best Dividend Growth Stocks to Buy Now

4. Universal Corporation (NYSE: UVV)

Number of Hedge Fund Holders: 9
Dividend Yield: 6.3%
Number of Years of Consistent Dividend Increases: 50

Universal Corporation (NYSE: UVV) is among the global leaders in the tobacco industry and is based in Virginia. The company procures, finances, processes, packs, stores, and ships leaf tobacco for sale to manufacturers of consumer tobacco products. It ranks 4th on our list of the best dividend growth stocks to buy now.

In the fiscal first quarter of 2022, Universal Corporation (NYSE: UVV) had an EPS of $0.30. The company’s revenue was $350 million, up 10.8% year over year. Universal Corporation (NYSE: UVV) has gained 0.66% year to date and 8.1% in the past year.

By the end of the second quarter of 2021, 9 hedge funds out of the 873 tracked by Insider Monkey held stakes in Universal Corporation (NYSE: UVV) worth roughly $87 million. This is compared to 1o hedge funds in the previous quarter with a total stake value of approximately $93 million.