MINNEAPOLIS, Feb. 24, 2016 /PRNewswire/ -- The Valspar Corporation today announced that its Board of Directors declared a quarterly dividend of $0.33 per share on the company's common stock. The dividend is payable on March 18, 2016, to shareholders of record on March 7, 2016.
The payment represents a 10% increase and marks the 38th consecutive year the Corporation has increased dividends. Valspar is a member of the S&P High Yield Dividend Aristocrats®, which is comprised of companies increasing dividends every year for at least 20 consecutive years.
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Valspar is a global leader in the coatings industry providing customers with innovative, high-quality products and value-added services. Our 11,000 employees worldwide deliver advanced coatings solutions with best-in-class appearance, performance, protection and sustainability to customers in more than 100 countries. Valspar offers a broad range of superior coatings products for the consumer market, and highly-engineered solutions for the construction, industrial, packaging and transportation markets. Founded in 1806, Valspar is headquartered in Minneapolis. Valspar's reported net sales in fiscal 2015 were $4.4 billion and its shares are traded on the New York Stock Exchange (symbol:VAL). For more information, visit www.valspar.com and follow @valspar on Twitter.
SOURCE Valspar Corporation