5 Consumer Defensive Dividend Stocks with Over 2% Yield

2. Universal Corporation (NYSE: UVV)

Number of Hedge Fund Holders: 10
Dividend Yield: 6.2%

Universal Corporation (NYSE: UVV) is a processor and supplier of leaf tobacco and plant-based ingredients across the globe. The company operates through its Tobacco Operations and Ingredients Operations segments. It ranks 2nd on our list of consumer defensive dividend stocks with over 2% yield.

This May, Universal Corporation (NYSE: UVV) announced that it would be increasing its annual dividend to $3.12 per common share.

In the fiscal first quarter of 2022, Universal Corporation (NYSE: UVV) had an EPS of $0.30. The company’s revenue was $350.03 million, up 10.8% year over year. Universal Corporation (NYSE: UVV) has gained % in the past 6 months and % year to date.

By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Universal Corporation (NYSE: UVV) worth roughly $92.9 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $89.6 million.