EX-12 2 uvv-exhibit12x6302012.htm EXHIBIT 12

UVV-Exhibit 12-6302012

Exhibit 12

UNIVERSAL CORPORATION AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS

		Three Months Ended June 30,
		2012				2011
		(in thousands, except for ratios)
Earnings
Pretax income before equity in pretax earnings (loss) of unconsolidated affiliates		$	36,814			$	30,337
Fixed charges (net of interest capitalized)		6,955				6,477
Distribution of earnings from unconsolidated affiliates		—				—
Total Earnings		$	43,769			$	36,814
Fixed Charges and Preference Dividends
Interest expense		$	6,170			$	5,533
Interest capitalized		—				—
Amortization of premiums, discounts, and debt issuance costs		343				311
Interest component of rent expense		442				633
Total Fixed Charges		6,955				6,477
Dividends on convertible perpetual preferred stock (pretax)		5,711				5,711
Total Fixed Charges and Preference Dividends		$	12,666			$	12,188
Ratio of Earnings to Fixed Charges		6.29				5.68
Ratio of Earnings to Combined Fixed Charges and Preference Dividends		3.46				3.02