GLENDALE, Calif.--(BUSINESS WIRE)-- Avery Dennison Corporation (AVY) (NYSE:AVY) today announced that its Board of Directors has increased the company’s quarterly cash dividend. The board declared a quarterly cash dividend of $0.52 per share, reflecting a 7 cent, or approximately 16%, increase over the previous dividend rate. The dividend is payable June 20, 2018, to shareholders of record as of June 6, 2018.
About Avery Dennison
Avery Dennison (NYSE: AVY) is a global materials science and manufacturing company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs approximately 30,000 employees in more than 50 countries. Reported sales in 2017 were $6.6 billion. Learn more at www.averydennison.com.
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Rob Six, (626) 304-2361
Cynthia Guenther, (626) 304-2204
Source: Avery Dennison CorporationCopyright Business Wire 2018