5 Best High-Yield Dividend Champions to Buy in August

4. Universal Corporation (NYSE:UVV)

Dividend Yield as of August 1: 5.65%

Universal Corporation (NYSE:UVV) specializes in leaf tobacco and operates through tobacco operations and ingredients operations.

Universal Corporation (NYSE:UVV) pays a quarterly dividend of $0.79 per share. The company has been raising its dividends consecutively for the past 52 years. In Q1 2022, the company generated over $83 million in free cash flow, up from $48 million in the previous quarter. Moreover, its operating cash flow came in at $96.4 million, compared with $69 million at the end of December 2021. Universal Corporation (NYSE:UVV) has a payout ratio of 89.6%. As of August 1, the stock’s dividend yield was recorded at 5.65%.

As per Insider Monkey’s Q1 2022 database, 10 hedge funds owned stakes in Universal Corporation (NYSE:UVV), up from 7 a quarter earlier. The stakes owned by these hedge funds have a value of $85.6 million.