Nordson raises dividend for 54th consecutive year
Nordson will raise its quarterly dividend to $0.30 per share, marking 54 straight years of higher dividend payments.
The dividend is payable on September 5, 2017 to shareholders of record as of the close of business on August 22, 2017.
With this increase, Nordson’s fiscal year 2017 represents its 54th consecutive year of annual dividend increases, ranking Nordson 14(th) among an elite group of publicly traded companies with the longest-running record of consecutive dividend increases.
Last year Nordson hiked its dividend by 12.5 percent. The stock has gained 13.1% year-to-date, translating into a current market cap of $7.3 billion for Nordson. The current dividend yield is almost 1%.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. Nordson serves a wide variety of consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing.
