5 High Yield Dividend Kings for 2022

2. Universal Corporation (NYSE:UVV)

Dividend Yield as of January 21: 5.51%

Number of Years of Dividend Increases: 51

Number of Hedge Fund Holders: 8

Universal Corporation (NYSE:UVV) is one of the leading tobacco companies worldwide, based in Richmond, Virginia. Universal Corporation (NYSE:UVV) procures, finances, processes, packs, stores, and supplies leaf tobacco to manufacturers of consumer tobacco products. 

Universal Corporation (NYSE:UVV) on November 3 declared a $0.78 per share quarterly dividend, in line with previous. It is payable on February 7, for shareholders of record on January 10. As of January 21, Universal Corporation (NYSE:UVV) delivers a 5.51% dividend yield, making it one of the top high yield dividend kings for 2022. 

Among the hedge funds tracked by Insider Monkey, 8 funds were bullish on Universal Corporation (NYSE:UVV) in the third quarter of 2021, with stakes equaling $75.6 million. Pzena Investment Management is the biggest Universal Corporation (NYSE:UVV) shareholder as of Q3, with 862,152 shares worth $41.6 million.