Avery Dennison Corporation (NYSE:AVY) Shares Set to Pay Quarterly Dividend of $1.00

Avery Dennison Corporation (NYSE:AVY – Get Free Report) announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Wednesday, December 2nd will be paid a dividend of $1.00 per share by the industrial products company on Wednesday, December 16th. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 2nd.

Avery Dennison has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Avery Dennison has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Avery Dennison to earn $11.15 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 35.9%.

Avery Dennison Stock Down 1.4%

Shares of NYSE:AVY traded down $2.67 during mid-day trading on Friday, hitting $181.99. 774,194 shares of the company traded hands, compared to its average volume of 625,943. The stock has a market cap of $13.79 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.22 and a beta of 0.79. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. Avery Dennison has a 12-month low of $152.42 and a 12-month high of $199.54. The stock has a 50-day moving average price of $173.94 and a two-hundred day moving average price of $167.47.

Avery Dennison (NYSE:AVY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm posted $2.42 EPS. Avery Dennison’s quarterly revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, equities research analysts forecast that Avery Dennison will post 10.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AVY shares. JPMorgan Chase & Co. boosted their price objective on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and set a $181.00 target price on shares of Avery Dennison in a research report on Monday, September 28th. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Citigroup boosted their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Bank of America restated a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $199.10.

View Our Latest Research Report on Avery Dennison

Avery Dennison Company Profile

(Get Free Report)

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.

Recommended Stories

Dividend History for Avery Dennison (NYSE:AVY)

Receive News & Ratings for Avery Dennison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison and related companies with MarketBeat.com's FREE daily email newsletter.