Pressure-sensitive technology and self-adhesive solution provider Avery Dennison Corporation declared a quarterly cash dividend of $0.39 per share, an increase of 3 percent from the previous $0.38 per share. The dividend is payable on December 21, 2005, to shareholders of record at the close of business on December 7, 2005.
This is the 30th consecutive year Avery Dennison has increased dividends. The Company's annual dividend has grown from 3.75 cents per share in 1975 to $1.53 per share in 2005 for a 30-year annual compound growth rate of 13.2 percent. Based on the average closing price of the Company's stock year-to-date, total annual dividends will provide a yield of 2.7 percent for 2005.
Global leader in pressure-sensitive labeling materials, office products and retail tag, ticketing and branding systems based in Pasadena, California, Avery Dennison is a FORTUNE 500 company with 2004 sales of $5.3 billion. Avery Dennison employs more than 21,000 individuals in 47 countries worldwide who apply the Company's technologies to develop, manufacture and market a wide range of products for both consumer and industrial markets.
Products offered by Avery Dennison include Avery-brand office products and graphics imaging media, Fasson-brand self-adhesive materials, peel-and-stick postage stamps, reflective highway safety products, labels for a wide variety of automotive, industrial and durable goods applications, brand identification and supply chain management products for the retail and apparel industries, and specialty tapes and polymers.
Avery Dennison Corporation
marketing@alchempro.com
