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Tuesday August 30

Valspar Announces Stock Split and Cash Dividend

Paint and coatings manufacturer the Valspar Corporation has announced that its Board of Directors has approved a 2-for-1 stock split, effected in the form of a 100 percent stock dividend, for all common stockholders of record as of the close of business on September 2, 2005, to be distributed on September 23, 2005.

The Board also declared a regular quarterly cash dividend on stockholders' post-split shares of 10 cents per share. The cash dividend will be paid on October 14, 2005, to all common stockholders of record as of the close of business on October 3, 2005.

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