MeadWestvaco Stock To Go Ex-dividend Tomorrow (MWV)

NEW YORK ( TheStreet) -- The ex-dividend date for MeadWestvaco Corporation (NYSE: MWV) is tomorrow, January 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $29.71 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for MeadWestvaco has been 1.3 million shares per day over the past 30 days. MeadWestvaco has a market cap of $5.35 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 0.8% year to date as of the close of trading on Friday.

MeadWestvaco Corporation provides packaging solutions to the healthcare, beauty and personal care, food, beverage, tobacco, and home and garden industries worldwide. The company has a P/E ratio of 20.7, above the average consumer non-durables industry P/E ratio of 17 and above the S&P 500 P/E ratio of 17.7.

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

See our dividend calendar or top-yielding stocks list.
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