The Board of Directors of Avery Dennison Corporation declared a quarterly cash dividend of $0.41 per share, up 2.5 percent from the previous quarter. The dividend is payable on December 19, 2007, to shareholders of record at the close of business on December 5, 2007.
This is the 32nd consecutive year Avery Dennison has increased its dividend. The Company's annual dividend has grown from $0.0375 per share in 1975 to $1.61 per share in 2007 for a 32-year compound annual growth rate of 12.5 percent.
Based on the average closing price of the Company's stock year-to-date, total annual dividends will provide a yield of 2.5 percent for 2007.
Avery Dennison is a global leader in pressure-sensitive labeling materials, retail tag, ticketing and branding systems, and office products.
Avery Dennison Corporation
marketing@alchempro.com
