Avery Dennison Increases Quarterly Dividend From $0.81 To $0.88 Per Share
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison Corporation (NYSE:AVY) has increased its quarterly dividend from $0.81 to $0.88 per share, a 9% rise. The new dividend will be payable on June 20, 2024, to shareholders of record as of June 5, 2024.
April 25, 2024 | 5:02 pm
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Avery Dennison Corporation has announced a 9% increase in its quarterly dividend from $0.81 to $0.88 per share, payable on June 20, 2024.
Dividend increases are typically viewed positively by the market as they signal confidence in the company's financial health and future prospects. This significant increase of approximately 9% in Avery Dennison's dividend payout is likely to be seen as a strong indicator of its robust financial position and commitment to returning value to shareholders, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100