Avery Dennison Corporation today announced that its Board of Directors has increased the company’s quarterly cash dividend.
The board declared a quarterly cash dividend of $0.41 per share, reflecting a four cent, or 11%, increase over the previous dividend rate. The dividend is payable June 15, 2016, to shareholders of record as of June 1, 2016.
About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and more than 25,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Glendale, California, the company reported sales of $6 billion in 2015. Learn more at www.averydennison.com.
Avery Dennison Corporation
Rob Six, (626) 304-2361
Cindy Guenther, (626) 304-2204
Source : businesswire.com