Nordson Corporation Board of Directors Increases Dividend 27 Percent, Marking 59 Consecutive Years of Annual Dividend Increases

Rhea-AI Summary

Nordson Corporation (NASDAQ: NDSN) has announced a 27% increase in its quarterly cash dividend, raising it from $0.51 to $0.65 per share. The dividend will be payable on September 6, 2022, to shareholders of record as of August 23, 2022. This marks the company’s 59th consecutive year of annual dividend increases, underscoring its strong commitment to returning value to shareholders. The increase reflects the company’s confidence in its long-term profitable growth strategy.

Positive

• 27% increase in quarterly cash dividend to $0.65 per share.
• 59th consecutive year of annual dividend increases.
• Annual dividend yield now slightly over 1%.

Negative

• None.

WESTLAKE, Ohio--(BUSINESS WIRE)-- Nordson Corporation (Nasdaq: NDSN) today announced that its Board of Directors has approved a 27 percent increase in the Company’s quarterly cash dividend to $0.65 per common share from $0.51. The dividend is payable on September 6, 2022, to shareholders of record as of the close of business on August 23, 2022.

This increase represents Nordson’s 59th consecutive year of annual dividend increases, ranking it among an elite group of publicly traded companies with the longest-running record of consecutive dividend increases.

“Nordson has a proud history of returning a portion of its cash flow to our shareholders. This increase moves our annual dividend yield to slightly over one percent,” said Joseph Kelley, executive vice president and chief financial officer. “This increase reflects our confidence in our long-term profitable growth, which is driven by the continued execution of our Ascend strategy, designed to deliver top-tier growth with leading margins and returns.”

Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com, www.twitter.com/Nordson_Corp or www.facebook.com/nordson.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220810005132/en/

Lara Mahoney

Vice President,

Corporate Communications & Investor Relations

440.204.9985

Lara.Mahoney@nordson.com

Source: Nordson Corporation

FAQ

What is the new dividend amount for Nordson Corporation (NDSN)?

The new quarterly cash dividend for Nordson Corporation is $0.65 per share.

When will the dividend for NDSN be paid?

The dividend will be payable on September 6, 2022.

What is the record date for the NDSN dividend?

The record date for the dividend is August 23, 2022.

How long has Nordson been increasing its dividend?

Nordson has increased its dividend for 59 consecutive years.

What does the dividend increase indicate about Nordson's performance?

The dividend increase reflects Nordson's confidence in its long-term profitable growth.