Avery Dennison Corporation (NYSE:AVY) announced a quarterly dividend on Thursday, July 27th, RTT News reports. Shareholders of record on Wednesday, September 6th will be paid a dividend of 0.45 per share by the industrial products company on Wednesday, September 20th. This represents a $1.80 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, September 1st.

Avery Dennison Corporation has raised its dividend by an average of 12.0% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Avery Dennison Corporation has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Avery Dennison Corporation to earn $5.26 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 34.2%.

Shares of Avery Dennison Corporation (AVY) opened at 94.03 on Thursday. The firm has a 50-day moving average of $93.07 and a 200 day moving average of $85.25. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 22.09 and a beta of 1.18. Avery Dennison Corporation has a 12 month low of $68.55 and a 12 month high of $96.70.

Avery Dennison Corporation (NYSE:AVY) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.10. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. Avery Dennison Corporation had a return on equity of 39.29% and a net margin of 6.14%. Avery Dennison Corporation’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. On average, analysts expect that Avery Dennison Corporation will post $4.83 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Avery Dennison Corporation (AVY) to Issue Quarterly Dividend of $0.45 on September 20th” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/31/avery-dennison-corporation-avy-to-issue-quarterly-dividend-of-0-45-on-september-20th.html.

In other Avery Dennison Corporation news, Director David E. I. Pyott sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.00, for a total value of $188,000.00. Following the completion of the transaction, the director now directly owns 16,601 shares of the company’s stock, valued at $1,560,494. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony Anderson sold 6,248 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $85.15, for a total value of $532,017.20. Following the completion of the transaction, the director now directly owns 1,244 shares of the company’s stock, valued at $105,926.60. The disclosure for this sale can be found here. Insiders sold 18,546 shares of company stock valued at $1,684,329 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on the company. Aegis reiterated a “hold” rating on shares of Avery Dennison Corporation in a research report on Thursday, June 1st. BidaskClub upgraded Avery Dennison Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Bank of America Corporation upgraded Avery Dennison Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $96.00 in a research report on Tuesday, June 20th. Finally, Citigroup Inc. boosted their price target on Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $91.67.

Avery Dennison Corporation Company Profile

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

Dividend History for Avery Dennison Corporation (NYSE:AVY)

Receive News & Stock Ratings for Avery Dennison Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison Corporation and related stocks with our FREE daily email newsletter.