Universal Stock To Go Ex-dividend Tomorrow (UVV)

NEW YORK (TheStreet) -- The ex-dividend date for Universal Corporation (NYSE:UVV) is tomorrow, April 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $47.24 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for Universal has been 350,700 shares per day over the past 30 days. Universal has a market cap of $1.06 billion and is part of the consumer goods sector and tobacco industry. Shares are up 3.1% year to date as of the close of trading on Monday.

Universal Corporation, through its subsidiaries, operates as a leaf tobacco merchant and processor primarily in North America, South America, Africa, Europe, and Asia. The company has a P/E ratio of 14.1, below the average tobacco industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Universal as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Universal Ratings Report.

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