Nordson Corporation (NASDAQ:NDSN – Get Free Report) announced a quarterly dividend on Thursday, August 27th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.94 per share by the industrial products company on Friday, October 2nd. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 14.6% increase from Nordson’s previous quarterly dividend of $0.82.
Nordson has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 62 years. Nordson has a payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nordson to earn $12.73 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 25.8%.
Nordson Stock Down 1.9%
NASDAQ NDSN opened at $324.59 on Friday. Nordson has a 12 month low of $220.06 and a 12 month high of $339.12. The company’s 50 day simple moving average is $302.64 and its 200 day simple moving average is $288.78. The company has a market capitalization of $18.08 billion, a P/E ratio of 32.82, a PEG ratio of 2.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18.
More Nordson News
Here are the key news stories impacting Nordson this week:
- Positive Sentiment: Nordson declared a quarterly dividend of $0.94 per share, payable October 2 to shareholders of record September 10. The payout is 14.6% higher than the previous $0.82 dividend, signaling management’s confidence in cash-flow generation and enhancing the stock’s appeal to income-focused investors. Nordson raises dividend by 14.6% to $0.94
- Positive Sentiment: Recent momentum reflects Nordson’s solid operating performance. The company’s latest quarter exceeded earnings and revenue expectations, with EPS of $3.25 versus $3.09 expected and revenue growth of 10.3% year over year. Analysts remain constructive, including an Oppenheimer price-target increase to $370 and a consensus rating of “Moderate Buy.” What Makes Nordson a Strong Momentum Stock
- Neutral Sentiment: NDSN recently set a new 12-month high, highlighting strong momentum but also increasing the possibility of profit-taking after a substantial advance. Nordson Sets New 12-Month High
- Negative Sentiment: Two Nordson executives reported stock sales. EVP Daniel Roy Hopgood sold 1,329 shares worth approximately $444,000, reducing his holdings by 21.83%; EVP Jennifer McDonough sold 260 shares worth about $87,000. These transactions may weigh on sentiment, particularly with the stock near its recent high, although insider sales do not necessarily indicate deteriorating business fundamentals. Nordson Insider Selling
About Nordson
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
See Also
- Five stocks we like better than Nordson
- MarketBeat Week in Review – 08/24 – 08/28
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.
