Avery Dennison Corporation (AVY) to Issue Quarterly Dividend of $1.00 on December 16th

Avery Dennison Corporation (NYSE:AVY) announced 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 raised 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 dividend payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 1.4%

NYSE:AVY opened at $181.99 on Friday. Avery Dennison has a 12 month low of $152.42 and a 12 month high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.19 and a beta of 0.79. The firm has a fifty day simple moving average of $173.94 and a two-hundred day simple moving average of $167.47.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.42. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Analysts expect that Avery Dennison will post 10.14 EPS for the current fiscal year.

About Avery Dennison

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.