EX-Dividend Schedule: Avery Dennison Boosted its Dividend by 16%; Will Trade Ex-Dividend on June 05, 2018

LONDON, UK / ACCESSWIRE / June 4, 2018 / Active-Investors has a free review on Avery Dennison Corp. (NYSE: AVY) following the Company's announcement that it will begin trading ex-dividend on June 05, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 04, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on AVY:

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Dividend Declared

On April 27, 2018, Avery Dennison announced that its Board of Directors has increased the Company's quarterly cash dividend. The Board declared a quarterly cash dividend of $0.52 per share, reflecting a $0.07 per share, or approximately 16%, increase over the previous dividend rate. The dividend is payable June 20, 2018, to shareholders of record as of June 06, 2018.

Avery Dennison's indicated dividend represents a yield of 1.98%, which is marginally higher than the average dividend yield of 1.97% for the Consumer Goods sector. The Company has raised its dividend for seven consecutive years.

Dividend Insights

Avery Dennison has a dividend payout ratio of 34.6%, which means that the Company spends approximately $0.35 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

As per analysts' estimates, Avery Dennison is forecasted to report earnings of $6.58 per share for the next year, which is more than triple compared to the Company's dividend payout of $2.08 per share.

As of March 31, 2018, Avery Dennison's cash and cash equivalents totaled $187.5 million compared to $294.9 million as on April 01, 2017. For the three months ended March 31, 2018, the Company's net cash provided by operating activities totaled $16.0 million compared to $13.9 million for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About Avery Dennison Corp.

Avery Dennison is a global materials science and manufacturing company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company's products, which are used in nearly every major industry, including 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.

Headquartered in Glendale, California, Avery Dennison employs approximately 30,000 employees in more than 50 countries.

Stock Performance Snapshot

June 01, 2018 - At Friday's closing bell, Avery Dennison's stock advanced 1.25%, ending the trading session at $106.34.

Volume traded for the day: 402.69 thousand shares.

Stock performance in the last month – up 2.10%; and past twelve-month period – up 24.01%

After last Friday's close, Avery Dennison's market cap was at $9.36 billion.

Price to Earnings (P/E) ratio was at 20.67.

The stock has a dividend yield of 1.69%.

The stock is part of the Consumer Goods sector, categorized under the Business Equipment industry. This sector was up 0.7% at the end of the session.

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SOURCE: Active-Investors