Avery Dennison Declares Quarterly Dividend and Authorizes Additional Share Repurchases
PASADENA, Calif.--(BUSINESS WIRE)-- The Board of Directors of Avery Dennison Corporation (NYSE:AVY) has declared a quarterly cash dividend of $0.27 per share. The dividend is payable September 19, 2012 to shareholders of record on September 5, 2012.
The Board also authorized the repurchase of shares of the companys common stock in the total aggregate amount of up to $400 million (exclusive of any fees, commissions or other expenses related to such purchases).
Under Avery Dennisons stock repurchase program, common shares may be repurchased from time to time on behalf of the company in the open market or otherwise. Repurchases may be commenced or discontinued at any time and, if commenced, may be conducted pursuant to prearranged plans.
About Avery Dennison
Avery Dennison (AVY) helps make brands more inspiring and the world more intelligent. For more than 75 years the company has been a global leader in pressure-sensitive technology and materials and retail branding and information solutions. A FORTUNE 500 company with sales of $6 billion from continuing operations in 2011, Avery Dennison is based in Pasadena, California and has employees in over 50 countries. For more information, visit www.averydennison.com.
Avery Dennison Corporation
David Frail, (626) 304-2014
Eric M. Leeds, (626) 304-2029
Source: Avery Dennison CorporationCopyright Business Wire 2012