Nordson Corporation (NASDAQ:NDSN) to Issue Quarterly Dividend of $0.94

Key Points

• Nordson raised its quarterly dividend 14.6% to $0.94 per share, payable October 2 to shareholders of record September 10. The annualized dividend is approximately $3.76, representing a 1.1% yield.
• The company has increased its dividend for 62 consecutive years, with a 30.6% payout ratio, indicating that earnings comfortably cover the current distribution.
• Nordson recently exceeded quarterly earnings and revenue estimates, reporting $3.25 in EPS and $817.67 million in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $326.57.

Nordson Corporation (NASDAQ:NDSN - Get Free Report) announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.94 per share by the industrial products company on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, September 10th. This is a 14.6% increase from Nordson's previous quarterly dividend of $0.82.

Nordson has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 62 years. Nordson has a dividend payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Nordson to earn $12.73 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 25.8%.

Nordson Price Performance

Shares of NDSN stock traded down $3.74 during trading hours on Thursday, reaching $330.84. The stock had a trading volume of 275,284 shares, compared to its average volume of 397,379. The stock's fifty day simple moving average is $301.37 and its 200 day simple moving average is $288.24. The firm has a market capitalization of $18.43 billion, a PE ratio of 33.45, a PEG ratio of 2.17 and a beta of 0.96. Nordson has a 12 month low of $220.06 and a 12 month high of $339.12. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating the consensus estimate of $3.09 by $0.16. The firm had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts predict that Nordson will post 11.83 EPS for the current year.

Analysts Set New Price Targets

NDSN has been the subject of several research analyst reports. Wall Street Zen lowered Nordson from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. KeyCorp restated a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. DA Davidson reaffirmed a "buy" rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Oppenheimer lifted their price target on Nordson from $335.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, August 21st. Finally, BNP Paribas Exane boosted their price objective on Nordson from $285.00 to $290.00 and gave the stock a "neutral" rating in a report on Friday, May 22nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $326.57.

About Nordson

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company's portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson's offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.

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