Avery Dennison Increases Quarterly Dividend

Rhea-AI Summary

Avery Dennison Corporation (NYSE: AVY) has announced an increase in its quarterly dividend, now set at $0.75 per share, reflecting a 10% rise from the previous rate. This dividend for the second quarter will be paid on June 15, 2022, to shareholders of record as of June 1, 2022. In 2021, Avery Dennison reported sales of $8.4 billion, showcasing its position as a leading global materials science company.

Positive

• Quarterly dividend increased by 10% to $0.75 per share.
• Demonstrates company confidence in continued financial strength.

Negative

• None.

MENTOR, Ohio--(BUSINESS WIRE)-- 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 $0.75 per share, representing an increase of approximately 10% over the previous dividend rate. The dividend for the second quarter is payable on June 15, 2022 to shareholders of record as of June 1, 2022.

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 and solutions, 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. The company employs approximately 36,000 employees in more than 50 countries. Reported sales in 2021 were $8.4 billion. Learn more at www.averydennison.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220429005006/en/

Media Relations

Kristin Robinson (626) 390-8697

Kristin.robinson@averydennison.com

Investor Relations

John Eble (440) 534-6290

john.eble@averydennison.com

Source: Avery Dennison Corporation

FAQ

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

The new quarterly dividend amount for Avery Dennison is $0.75 per share.

When will the new dividend for AVY be paid?

The new dividend will be paid on June 15, 2022.

What was the previous dividend amount for Avery Dennison?

The previous dividend amount was approximately $0.68 per share before the 10% increase.

What are the record dates for the AVY dividend?

The record date for the dividend is June 1, 2022.