5 Cheap Dividend Kings with Over 2% Yield

2. Universal Corporation (NYSE: UVV)

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

Share Price as of August 24: $49.14

Universal Corporation (NYSE: UVV) is a Virginia-based tobacco company procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale. It ranks 2nd on our list of cheap dividend kings with over 2% yield.

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.