FEB-23-2006

Valspar Declares Dividend

The Board of Directors of The Valspar Corporation (NYSE: VAL), at its meeting on February 22, 2006 declared a quarterly dividend of 11 cents per share, payable April 14, 2006 to all common stockholders of record on April 3, 2006.

Valspar is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants.

Valspar shares are traded on the New York Stock Exchange under the symbol VAL. Valspar news releases and other investor information are available on the Internet at http://www.valspar.com .

SOURCE:
The Valspar Corporation

CONTACT:
Lori A. Walker, Vice President, Treasurer and Controller of The Valspar Corporation, +1-612-375-7350
Web site: http://www.valspar.com