MeadWestvaco Stock To Go Ex-dividend Tomorrow (MWV)
The ex-dividend date for MeadWestvaco Corporation (NYSE:MWV) is tomorrow, April 30, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $34.32 as of 9:30 a.m., the dividend yield is 2.9%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for MeadWestvaco Corporation (NYSE: MWV) is tomorrow, April 30, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $34.32 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for MeadWestvaco has been 1.2 million shares per day over the past 30 days. MeadWestvaco has a market cap of $6.12 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 7.3% 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 28.9, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates MeadWestvaco as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full MeadWestvaco Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.