Avery Dennison Corporation (NYSE:AVY) Shareholders to Get $1.00 Quarterly Dividend

Avery Dennison Corporation (NYSE:AVY) declared a quarterly dividend on Friday, October 23rd. Shareholders of record on Wednesday, December 2nd will be given a dividend of $1.00 per share by the industrial products company on Wednesday, December 16th. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, December 2nd.

Avery Dennison has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Avery Dennison has a payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Avery Dennison to earn $11.15 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 35.9%.

Avery Dennison Price Performance

Avery Dennison stock traded down $2.67 on Friday, reaching $181.99. The company’s stock had a trading volume of 774,194 shares, compared to its average volume of 742,655. The business’s fifty day moving average price is $173.88 and its 200 day moving average price is $167.37. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.15 and a beta of 0.79. Avery Dennison has a twelve month low of $152.42 and a twelve month high of $199.54.

Avery Dennison (NYSE:AVY) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company posted $2.42 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities analysts expect that Avery Dennison will post 10.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

AVY has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Truist Financial dropped their target price on shares of Avery Dennison from $209.00 to $208.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Jefferies Financial Group reiterated a “hold” rating and set a $181.00 target price on shares of Avery Dennison in a research report on Monday, September 28th. Finally, Citigroup increased their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Avery Dennison has an average rating of “Moderate Buy” and an average price target of $199.10.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.