Avery Dennison Stock To Go Ex-dividend Monday (AVY)
The ex-dividend date for Avery Dennison (NYSE:AVY) is Monday, June 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $28.67 as of 9:35 a.m., the dividend yield is 3.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Avery Dennison (NYSE: AVY) is Monday, June 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $28.67 as of 9:35 a.m. ET, the dividend yield is 3.7%. The average volume for Avery Dennison has been 971,800 shares per day over the past 30 days. Avery Dennison has a market cap of $3.03 billion and is part of the industrial goods sector and industrial industry. Shares are up 1.4% year to date as of the close of trading on Thursday. Avery Dennison Corporation manufactures and sells pressure-sensitive materials, brand identification and information management products, and other converted products worldwide. The company has a P/E ratio of 19, above the average industrial industry P/E ratio of 16.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Avery Dennison as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Avery Dennison Ratings Report. See our dividend calendar or top-yielding stocks list.