Dividend Growth of Avery Dennison Corporation(AVY)

Avery Dennison Corporation(AVY) is having a Dividend Yield of 2.06% with the Annual cash Dividend per share of $1.6. The last quarter cash dividend per share pay out was $0.41. Avery Dennison Corporation has a 5 year average dividend yield of 2.67% and the stock has a Indicated annual dividend of $1.64. Avery Dennison Corporation(AVY) formally announced its most recent dividend on February 1, 2017 with a Dividend per share of $0.41. The new indicated annual dividend based on announced dividend per share is $1.64. The dividend yield based on the forward looking indicated annual dividend is 2.06%. Avery Dennison Corporation(AVY) has the most recent dividend payout ratio of 0.41 with a 5-year average payout ratio of 0.46. The 5 year historical dividend growth of Avery Dennison Corporation(AVY) is at the rate of 10.86% while the R-Squared dividend growth is 0.93. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Avery Dennison Corporation (NYSE:AVY) rose 0.78% or 0.62 points on Thursday and made its way into the gainers of the day. After trading began at $79.83 the stock was seen hitting $80.46 as a peak level and $79.645 as the lowest level. The stock ended up at $80.16. The daily volume was measured at 972,372 shares. The 52-week high of the share price is $80.84 and the 52-week low is $62.99. The company has a market cap of $7,134 million. Shares of Avery Dennison Corporation rose by 1.6% in the last five trading days and 9.55% for the last 4 weeks. Avery Dennison Corporation is up 13.28% in the last 3-month period. Year-to-Date the stock performance stands at 14.16%.

Currently the company Insiders own 2.7% of Avery Dennison Corporation shares according to the proxy statements. Institutional Investors own 86.43% of Avery Dennison Corporation shares. Company has reported several Insider transactions to the SEC, on Feb 15, 2017, Dean A Scarborough (Executive Chairman) sold 50,000 shares at 79.29 per share price.On Feb 6, 2017, Susan C Miller (Senior VP, Gen Counsel & Secty) sold 104,065 shares at 79.17 per share price.On Nov 29, 2016, Julia A Stewart (director) sold 2,000 shares at 72.65 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Avery Dennison Corp was Upgraded by Citigroup to Buy on Jan 6, 2017. Avery Dennison Corp was Upgraded by BofA/Merrill to Neutral on Dec 7, 2016. Avery Dennison Corp was Initiated by Aegis Capital to Hold on Nov 21, 2016.

Avery Dennison Corp Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.93. The company had revenue of $1551.00 million for the quarter, compared to analysts expectations of $1502.10 million. The companys revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Avery Dennision Corporation produces pressure-sensitive adhesives and materials and the production of consumer and converted products. Some pressure-sensitive adhesives and materials are converted into labels and other products through embossing, printing, stamping and die-cutting, and some are sold in unconverted form as base materials, tapes and reflective sheeting. The company also manufactures and sells a variety of consumer and converted products and other items not involving pressure-sensitive components, such as notebooks, three-ring binders, among others.


Share this post

Post Comment