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NEW YORK ( TheStreet) -- The ex-dividend date for MeadWestvaco Corporation (NYSE: MWV) is Monday, May 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $28.63 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for MeadWestvaco has been 1.2 million shares per day over the past 30 days. MeadWestvaco has a market cap of $4.96 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 4.4% year to date as of the close of trading on Thursday. 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 21.1, below the average consumer non-durables industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7.