Dividend Increase Announcement#
Avery Dennison Corporation, a leader in materials science and digital identification solutions, has announced a 6% increase in its quarterly dividend. The Board of Directors declared a new dividend rate of $1.00 per share, up from the previous amount. This dividend will be payable on June 17, 2026, to shareholders who are on record as of June 3, 2026. This increase marks the 16th consecutive year that Avery Dennison has raised its dividend, reflecting the company's commitment to returning value to its shareholders.
Longstanding Dividend History#
With a current dividend yield of 2.31%, Avery Dennison has a strong track record of maintaining dividend payments for 56 years. This long history of consistent dividend increases demonstrates the company's dedication to its investors and financial stability.
Company Overview#
Avery Dennison specializes in providing labeling and functional materials, as well as radio-frequency identification (RFID) solutions. The company serves a variety of industries, including home care, apparel, retail, e-commerce, logistics, food, pharmaceuticals, and automotive. With approximately 35,000 employees across more than 50 countries, Avery Dennison reported sales of $8.9 billion in 2025, showcasing its significant market presence.
Recent Financial Performance#
In its latest financial results for the first quarter of 2026, Avery Dennison exceeded Wall Street expectations with earnings per share (EPS) of $2.47, surpassing the forecast of $2.43. The company also reported revenue of $2.3 billion, which was higher than the anticipated $2.26 billion. Following these results, analysts from BMO Capital adjusted their price target for the stock, while Baird reaffirmed its positive outlook. These adjustments reflect the company's strong performance in a challenging market environment.