MINNEAPOLIS, May 19, 2017 /PRNewswire/ -- The Valspar Corporation today announced that its Board of Directors declared a quarterly dividend of $0.37 per share on the company's common stock. The dividend is payable on June 8, 2017, to shareholders of record as of the close of business on June 1, 2017.
If the previously announced merger of The Valspar Corporation with a wholly owned subsidiary of The Sherwin-Williams Company becomes effective prior to the close of business on June 1, 2017, the dividend will not be paid.
For 39 consecutive years, Valspar 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.
Valspar: If it matters, we're on it.®
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 shares are traded on the New York Stock Exchange (symbol: VAL). For more information, visit www.valspar.com and follow @valspar on Twitter.
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SOURCE Valspar Corporation