NEW YORK (

TheStreet

) -- The ex-dividend date for

Valspar Corporation

(NYSE:

VAL

) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $32.38 as of 10:05 a.m. ET, the dividend yield is 2.3%.

The average volume for Valspar has been 868,500 shares per day over the past 30 days. Valspar has a market cap of $3 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are down 7.3% year to date as of the close of trading on Tuesday.

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The Valspar Corporation manufactures and distributes coatings, paints, and related products worldwide. The company's Coatings segment offers decorative and protective coatings for metal, wood, and plastic primarily for sale to original equipment manufacturer customers. The company has a P/E ratio of 14.9, below the average chemicals industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Valspar as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Valspar Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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