Valspar Stock To Go Ex-dividend Tomorrow (VAL)

NEW YORK ( TheStreet) -- The ex-dividend date for Valspar Corporation (NYSE: VAL) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $48.96 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Valspar has been 821,800 shares per day over the past 30 days. Valspar has a market cap of $4.37 billion and is part of the basic materials sector and chemicals industry. Shares are up 25.3% year to date as of the close of trading on Tuesday.

The Valspar Corporation, together with its subsidiaries, manufactures and distributes coatings, paints, and related products worldwide.

TheStreet Ratings rates Valspar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Valspar Ratings Report.

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