Avery Dennison Declares Dividend and Announces Authorization to Repurchase Common Stock.PASADENA, Calif.--(BUSINESS WIRE)--July 23, 1998--The board of directors of Avery Dennison Avery Dennison Corporation (NYSE: AVY) produces pressure-sensitive materials (such as self-adhesive labels), office products, and various paper products. R. Stanton Avery founded Avery in 1935. Avery Dennison Corporation was created in 1990 by merger of Avery and Dennison. Corp. (NYSE NYSE See: New York Stock Exchange :AVY) (PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. :AVY) Thursday declared a quarterly cash dividend of 21 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . The dividend is payable on Sept. 16, 1998, to shareholders of record at the close of business on Sept. 2, 1998. Avery Dennison also announced that the board of directors has authorized the repurchase of 5 million shares of the company's outstanding common stock. This is in addition to prior authorizations prior authorization, n See predetermination. prior authorization Health insurance A cost containment measure that provides full payment of health benefits only if the hospitalization or medical treatment has been to purchase up to an aggregate of 30.4 million shares, under which approximately 29.7 million shares have been purchased to date. Stock purchases may be made from time to time at the discretion of company management. Avery Dennison, a global leader in pressure-sensitive technology, develops, manufactures and markets innovative self-adhesive solutions for consumer products and label systems. Based in Pasadena, the company makes a wide range of products for consumer and industrial markets, including Avery-brand office products, Fasson-brand self-adhesive materials, peel-and-stick postage stamps This is a list of postage stamps that are especially notable in some way. The best-known stamps:
CONTACT: Avery Dennison, Pasadena
Charles E. Coleman, 626/304-2014 (Media Relations)
communications@averydennison.com
or
Wayne H. Smith, 626/304-2001 (Investor Relations)
investorcom@averydennison.com
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