5 Best High-Dividend Stocks Under $100

4. Universal Corporation (NYSE:UVV)

Share Price as of October 18: $47.07
Dividend Yield as of October 18: 6.71%

Universal Corporation (NYSE:UVV) is one of the world’s leading tobacco manufacturing companies. In addition to this, the company also stores and ships leaf tobacco to different manufacturers around the world. In its fiscal Q1 2023 results, the company reported revenue of $430 million, which saw a 22.8% growth from the same period last year. It also exhibited a strong cash position and paid $19 million in dividends during the quarter.

Universal Corporation (NYSE:UVV) has a 52-year run of raising its dividends consistently, which places it as one of the best dividend stocks on our list. It pays a quarterly dividend of $0.79 per share for a dividend yield of 6.71%, as of October 18.

The number of hedge funds tracked by Insider Monkey owning stakes in Universal Corporation (NYSE:UVV) stood at 10 in Q2 2022, the same as in the preceding quarter. These stakes have a total value of over $83.8 million, compared with $85.6 million worth of stakes owned by hedge funds in the previous quarter.