The ex-dividend date for Valspar Corporation (NYSE:VAL) is tomorrow, May 30, 2013. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $73.33 as of 9:31 a.m., the dividend yield is 1.3%.
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, May 30, 2013. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $73.33 as of 9:31 a.m. ET, the dividend yield is 1.3%. The average volume for Valspar has been 568,000 shares per day over the past 30 days. Valspar has a market cap of $6.52 billion and is part of the basic materials sector and chemicals industry. Shares are up 18% year to date as of the close of trading on Tuesday. The Valspar Corporation manufactures and distributes various coatings, paints, and related products worldwide. The company operates in two segments, Coatings and Paints. The company has a P/E ratio of 23.2, 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, growth in earnings per share, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Valspar Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.