Valspar Approves 10% Dividend Increase
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Valspar Corp. (VAL) Provides Weak FY16 Guidance due to Potential FX Headwinds; Piper Jaffray Reiterates Neutral
November 25, 2015 9:41 AM ESTPiper Jaffray reiterated a Neutral rating on Valspar (NYSE: VAL), and raised the price target to $92.00 (from $80.00), following the company's 4Q earnings report. Valspar posted very strong EBIT margins in the quarter, anchored predominantly in efficiency, which management expects to continue improving through FY16. Management's EPS guidance for FY16 (of $4.80-$5.00, with... More
Valspar Corp. (VAL) Raises Quarterly Dividend 10% to $0.33; 1.6% Yield
November 24, 2015 9:57 AM ESTValspar Corp. (NYSE: VAL) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is a 10% increase from the prior dividend of $0.30.
The dividend will be payable on December 16, 2015, to stockholders of record on December 7, 2015, with an ex-dividend date of December 3,... More
