5 Safe Dividend Stocks with Over 4% Yield

3. Universal Corporation (NYSE:UVV)

Dividend Yield as of August 16: 5.95%

Universal Corporation (NYSE:UVV) is a Virginia-based manufacturing company, specializing in the production of tobacco and its related products. The company has been raising its dividend consistently for the past 52 years. Currently, it pays $0.79 per share in quarterly dividend with a yield of 5.95%, as recorded on August 16.

Universal Corporation (NYSE:UVV) recently announced its fiscal Q1 2023 earnings, reporting revenue of roughly $430 million, up 22.8% from the same period last year. The company had over $86.5 million available in cash and cash equivalents at the end of Q1, compared with $81.6 million in the preceding quarter. It also remained committed to its shareholder return, paying $19 million in dividends on its common stock.

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. With stakes worth over $51.6 million, Pzena Investment Management was the company’s leading stakeholder in Q1.