Today, September 20, 2023, Avery Dennison AVY will distribute a dividend payout of $0.81 per share, highlighting an annualized dividend yield of 1.79%. Shareholders who owned the stock before the ex-dividend date on September 05, 2023 will be eligible for this payout.
Avery Dennison Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-09-05 | 4 | $0.81 | 1.79% | 2023-07-27 | 2023-09-06 | 2023-09-20 |
| 2023-06-06 | 4 | $0.81 | 1.96% | 2023-04-27 | 2023-06-07 | 2023-06-21 |
| 2023-02-28 | 4 | $0.75 | 1.57% | 2023-02-02 | 2023-03-01 | 2023-03-15 |
| 2022-12-06 | 4 | $0.75 | 1.78% | 2022-10-28 | 2022-12-07 | 2022-12-21 |
| 2022-09-06 | 4 | $0.75 | 1.63% | 2022-07-28 | 2022-09-07 | 2022-09-21 |
| 2022-05-31 | 4 | $0.75 | 1.65% | 2022-04-28 | 2022-06-01 | 2022-06-15 |
| 2022-03-01 | 4 | $0.68 | 1.36% | 2022-02-03 | 2022-03-02 | 2022-03-16 |
| 2021-11-30 | 4 | $0.68 | 1.31% | 2021-10-28 | 2021-12-01 | 2021-12-15 |
| 2021-08-31 | 4 | $0.68 | 1.34% | 2021-07-22 | 2021-09-01 | 2021-09-15 |
| 2021-06-01 | 4 | $0.68 | 1.37% | 2021-04-22 | 2021-06-02 | 2021-06-16 |
| 2021-03-02 | 4 | $0.62 | 1.59% | 2021-02-03 | 2021-03-03 | 2021-03-17 |
| 2020-12-01 | 4 | $0.62 | 1.85% | 2020-10-21 | 2020-12-02 | 2020-12-16 |
When comparing Avery Dennison's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer International Paper IP having the highest annualized dividend yield at 5.43%.
Analyzing Avery Dennison Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $2.26 to $2.93, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Avery Dennison
From 2019 to 2022, Avery Dennison has demonstrated an upward trend in earnings, with earnings per share rising from $6.38 to $9.63. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article delves into the recent dividend payout of Avery Dennison and its implications for shareholders. Presently, the company is distributing a dividend of $0.81 per share, leading to an annualized dividend yield of 1.79%.
When comparing Avery Dennison's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer International Paper having the highest annualized dividend yield at 5.43%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Avery Dennison appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
