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MENTOR, Ohio - Avery Dennison Corporation (NYSE:AVY), a global materials science company, has declared an increase in its quarterly dividend payout to shareholders. The Board of Directors announced a new dividend of $0.94 per share, marking a 7% rise from the previous rate. This enhanced dividend is slated for distribution on June 18, 2025, to shareholders on record as of June 4, 2025. According to InvestingPro data, this increase extends the company’s impressive track record of 14 consecutive years of dividend raises, with the current yield standing at 2.07%.
The dividend increase follows Avery Dennison’s reported sales of $8.8 billion in 2024, reflecting the company’s financial performance and commitment to delivering shareholder value. With a market capitalization of $13.7 billion and trading at a P/E ratio of 19.8, InvestingPro analysis indicates the stock is currently trading near its Fair Value. Avery Dennison specializes in a range of products and solutions, including labeling and functional materials, RFID inlays and tags, and software applications that bridge the gap between physical goods and digital data. Their offerings also extend to branded packaging that enhances customer experiences.
With a workforce of approximately 35,000 employees, Avery Dennison serves various industries such as apparel, retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive across more than 50 countries.
The announcement of the dividend increase is based on a press release statement from Avery Dennison Corporation. The company continues to focus on advancing sustainability and supply chain efficiency, reducing waste, and improving transparency and circularity in the industries it serves.
Investors and shareholders of Avery Dennison can anticipate the upcoming dividend payment in mid-June, as the company maintains its trajectory of growth and innovation within the materials science sector. For deeper insights into AVY’s financial health, growth potential, and comprehensive analysis, access the detailed Pro Research Report available exclusively on InvestingPro, covering over 1,400 top US stocks.
In other recent news, Avery Dennison reported its Q1 2025 earnings, which fell short of expectations. The company posted an adjusted earnings per share (EPS) of $2.30, slightly below the forecast of $2.32, and revenue of $2.15 billion, which also missed the anticipated $2.16 billion. Despite these results, Avery Dennison demonstrated resilience, with a 2% increase in organic sales and an adjusted EBITDA margin of 16.4%. In a related development, JPMorgan downgraded Avery Dennison’s stock rating from Overweight to Neutral, adjusting the price target from $205.00 to $172.00 due to flat year-over-year sales and earnings. Baird also revised its price target for the company from $220.00 to $210.00, maintaining an Outperform rating, citing the company’s strong operational execution despite global trade concerns. The Intelligent Labels segment showed mid-single-digit growth, although apparel revenue is expected to decline in the next quarter. Avery Dennison returned $331 million to shareholders through share repurchases and dividends, reflecting its ongoing commitment to shareholder value.
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