Avery Dennison Increases Quarterly Dividend

Rhea-AI Summary

Avery Dennison Corporation (NYSE:AVY) announced a quarterly dividend increase to $0.68 per share, a 10% rise from the previous rate. This dividend is set for the second quarter, payable on June 16, 2021, to shareholders of record by June 2, 2021. The company, specializing in labeling and functional materials, reported sales of $7.0 billion in 2020, employing over 32,000 people across 50 countries. This dividend announcement reflects the company's commitment to returning value to shareholders.

Positive

• Dividend increased by 10%, highlighting company confidence and commitment to shareholders.

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• None.

Avery Dennison Corporation (NYSE:AVY) today announced that its Board of Directors has increased the company’s quarterly dividend. The board declared a quarterly dividend of $0.68 per share, representing an increase of approximately 10% over the previous dividend rate. The dividend for the second quarter is payable on June 16, 2021 to shareholders of record as of June 2, 2021.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 32,000 employees in more than 50 countries. Reported sales in 2020 were $7.0 billion. Learn more at www.averydennison.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210422005354/en/

FAQ

What is the new dividend amount for Avery Dennison (AVY)?

The new dividend amount for Avery Dennison (AVY) is $0.68 per share.

When is the dividend for Avery Dennison (AVY) payable?

The dividend for Avery Dennison (AVY) is payable on June 16, 2021.

When is the record date for the Avery Dennison (AVY) dividend?

The record date for the Avery Dennison (AVY) dividend is June 2, 2021.

How much did Avery Dennison (AVY) report in sales for 2020?

Avery Dennison (AVY) reported sales of $7.0 billion for 2020.

What percentage increase did Avery Dennison (AVY) announce for its dividend?

Avery Dennison (AVY) announced a 10% increase in its dividend.