5 High-Yield Dividend Stocks to Buy in July

4. Universal Corporation (NYSE:UVV)

Dividend Yield as of July 13: 5.79%

Universal Corporation (NYSE:UVV) is a Virginia-based tobacco merchant that specializes in contracting, financing, and processing leaf tobacco for sale.

Universal Corporation (NYSE:UVV) has a solid dividend history, raising its payout every year since 1971. In Q1 2022, the company paid $76.4 million in dividends, up from $75 million paid during the same period last year. Moreover, it also grew its net income in Q1 to $103.6 million, from $96.3 million in the prior-year quarter. On May 25, Universal Corporation (NYSE:UVV) announced a 1.3% hike in its quarterly dividend to $0.79 per share, which equates to a yield of 5.79% as of July 13.

As per Insider Monkey’s Q1 2022 database, 10 hedge funds held investments in Universal Corporation (NYSE:UVV), up from 7 in the previous quarter. Those investments were collectively valued at over $85.6 million. With 890,281 UVV shares, Pzena Investment Management held the largest position in the Virginia-based company in Q1.