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Stock Market & Financial Investment News

News Breaks
December 5, 2012
15:52 EDTVALValspar increases dividend 15% to 23c per share, authorizes 15M share repurchase
The Valspar Corporation announced its board has declared a quarterly dividend of 23c per share, payable December 28 to all common stockholders of record on December 17. This dividend payment accelerates the corporation's regular quarterly dividend, which is normally paid in January. The payment represents a 15% increase over last quarter's payment. The board has also authorized the repurchase of 15M shares of outstanding common stock. This authorization is effective immediately, replaces the previous repurchase authorization of October 2010, and has no expiration date.
News For VAL From The Last 14 Days
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May 27, 2015
07:32 EDTVALValspar reports Q2 adjusted EPS $1.07, consensus $1.10
Reports Q2 revenue $1.08B, consensus $1.11B. Net sales in local currency decreased 2 percent. Total volumes decreased 3 percent, driven by the expected decline in the Paints segment.
07:31 EDTVALValspar reaffirms FY15 adjusted EPS view $4.45-$4.65, consensus $4.60
Based on the company’s updated estimate of foreign currency translation for the year, the company is updating its fiscal 2015 annual sales guidance to reflect a sales decline in the “low single-digits” from fiscal 2014, compared to the previous guidance of “approximately flat sales”. Excluding the expected impact of currency translation, fiscal 2015 annual sales are expected to increase “low single-digits”.
07:05 EDTVALValspar to acquire performance coatings businesses of Quest Specialty Chemicals
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May 26, 2015
15:00 EDTVALNotable companies reporting before tomorrow's open
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