NEW YORK ( TheStreet) -- The ex-dividend date for Universal Corporation (NYSE: UVV) is tomorrow, October 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $38.15 as of 9:31 a.m. ET, the dividend yield is 5.4%.

The average volume for Universal has been 274,100 shares per day over the past 30 days. Universal has a market cap of $831.1 million and is part of the consumer goods sector and tobacco industry. Shares are down 6.3% year to date as of the close of trading on Tuesday.

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 7.1, equal to the average tobacco industry P/E ratio 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 attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Universal Ratings Report.

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