Avery Dennison Stock To Go Ex-dividend Monday (AVY)

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.

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