Avery Dennison Corporation (NYSE:AVY) to Issue Quarterly Dividend of $1.00

Key Points

• Avery Dennison will pay a quarterly dividend of $1.00 per share on December 16 to shareholders of record as of December 2, representing a $4.00 annualized dividend and a 2.2% yield.
• The company has raised its dividend for 15 consecutive years, with a current payout ratio of 37.3%; analysts expect future earnings to continue covering the dividend comfortably.
• Avery Dennison’s latest quarterly results exceeded expectations, with EPS of $2.89 and revenue of $2.46 billion, up 10.9% year over year.

Avery Dennison Corporation (NYSE:AVY - Get Free Report) announced a quarterly dividend on Friday, October 23rd. Investors 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 2nd.

Avery Dennison has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Avery Dennison has a payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

AVY stock traded down $2.67 during trading on Friday, reaching $181.99. 774,194 shares of the stock were exchanged, compared to its average volume of 742,655. Avery Dennison has a twelve month low of $152.42 and a twelve month high of $199.54. The company has a market capitalization of $13.79 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The stock has a 50 day simple moving average of $173.88 and a 200-day simple moving average of $167.37. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The firm had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter in the prior year, the firm posted $2.42 EPS. The company's revenue for the quarter was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, sell-side analysts anticipate that Avery Dennison will post 10.15 earnings per share for the current year.

Insiders Place Their Bets

In other Avery Dennison news, SVP Nicholas Colisto sold 3,886 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the transaction, the senior vice president directly owned 7,126 shares in the company, valued at $1,216,265.68. This represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ignacio Walker sold 1,742 shares of Avery Dennison stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares of the company's stock, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Avery Dennison

A number of hedge funds have recently made changes to their positions in AVY. Trust Co. of Vermont acquired a new position in Avery Dennison in the second quarter valued at about $27,000. Activest Wealth Management acquired a new stake in shares of Avery Dennison during the third quarter worth approximately $27,000. Elevation Wealth Partners LLC increased its holdings in shares of Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock worth $32,000 after buying an additional 171 shares in the last quarter. Louisbourg Investments Inc. bought a new position in shares of Avery Dennison in the third quarter valued at approximately $39,000. Finally, Roxbury Financial LLC bought a new position in shares of Avery Dennison in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 94.17% of the company's stock.

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.

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