Valspar Stock To Go Ex-dividend Tomorrow (VAL)

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 Valspar Corporation (NYSE: VAL) is tomorrow, December 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $60.58 as of 2:41 p.m. ET, the dividend yield is 1.5%.

The average volume for Valspar has been 670,100 shares per day over the past 30 days. Valspar has a market cap of $5.63 billion and is part of the basic materials sector and chemicals industry. Shares are up 59.1% 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. The company has a P/E ratio of 18.9, above 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Valspar Ratings Report.

See our dividend calendar or top-yielding stocks list.

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