UNIVERSAL CORP /VA/ - FORM 10-Q - EX-12 - RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHAR

file	filename
10-Q - QUARTERLY REPORT - UNIVERSAL CORP /VA/	v230653_10q.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF SARBANES-OX - UNIVERSAL CORP /VA/	v230653_ex31-1.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - UNIVERSAL CORP /VA/	v230653_ex32-2.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF SARBANES-OX - UNIVERSAL CORP /VA/	v230653_ex31-2.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - UNIVERSAL CORP /VA/	v230653_ex32-1.htm

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,
	2011		2010
	(in thousands, except for ratios)
Earnings
Pretax income before equity in pretax earnings (loss) of unconsolidated affiliates	$	30,337	$	36,423
Fixed charges (net of interest capitalized)		6,477		6,267
Distribution of earnings from unconsolidated affiliates		—		—

Total Earnings	$	36,814	$	42,690

Fixed Charges and Preference Dividends
Interest expense	$	5,533	$	5,126
Interest capitalized		—		—
Amortization of premiums, discounts, and debt issuance costs		311		325
Interest component of rent expense		633		816

Total Fixed Charges		6,477		6,267

Dividends on convertible perpetual preferred stock (pretax)		5,711		5,711

Total Fixed Charges and Preference Dividends	$	12,188	$	11,978

Ratio of Earnings to Fixed Charges		5.68		6.81

Ratio of Earnings to Combined Fixed Charges and Preference Dividends		3.02		3.56

UNIVERSAL CORP /VA/ - FORM 10-Q - EX-12 - RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHAR - August 5, 2011