Avery Dennison Stock To Go Ex-dividend Monday (AVY)
The ex-dividend date for Avery Dennison (NYSE:AVY) is Monday, March 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $29.99 as of 10 a.m., the dividend yield is 3.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Avery Dennison (NYSE: AVY) is Monday, March 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $29.99 as of 10 a.m. ET, the dividend yield is 3.5%. The average volume for Avery Dennison has been 1.2 million shares per day over the past 30 days. Avery Dennison has a market cap of $3.04 billion and is part of the industrial goods sector and industrial industry. Shares are up 4.3% year to date as of the close of trading on Thursday. Avery Dennison Corporation engages in the manufacture and sale of pressure-sensitive materials; office and consumer products; and various tickets, tags, labels, and other converted products worldwide. The company has a P/E ratio of 21, above the average industrial industry P/E ratio of 10.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Avery Dennison as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Avery Dennison Ratings Report. See our dividend calendar or top-yielding stocks list.