Avery Dennison increases dividend; company declares increase for 20th consecutive year.PASADENA, Calif.--(BUSINESS WIRE)--Oct. 26, 1995--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/PSE:AVY AVY may refer to:
The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. from the previous 27 cents per share. The dividend is payable Dec. 20 to shareholders of record at the close of business Dec. 6, 1995. This is the 20th consecutive year Avery Dennison has increased dividends. The company's annual dividend has grown from 7.5 cents per share in 1975 to $1.11 per share in 1995 -- for a 20-year annual compound growth rate of 14.4 percent. "Avery A·ver·y , Oswald 1877-1955. American bacteriologist noted for establishing (1944) that DNA is responsible for the transmission of heritable characteristics. Dennison's consistent strong dividend growth over the past two decades is indicative of our financial strength and operating effectiveness, as well as the outstanding growth of the pressure-sensitive adhesive adhesive, substance capable of sticking to surfaces of other substances and bonding them to one another. The term adhesive cement is sometimes used in place of adhesive, especially when referring to a synthetic adhesive. materials and office products markets worldwide," said Charles D. Miller, chairman and chief executive officer. "Our goal is to continue to grow and invest in the company's most profitable businesses to build even greater value for our shareholders." Avery Dennison is a worldwide leader in manufacturing self- adhesive materials, tapes and labels, office products, tags, retail systems and specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. . Consumer brands include AVERY office labels, indexes, binders and software, and FASSON self- adhesive materials for industrial markets. A Fortune 500 company based in Pasadena, Avery Dennison has 15,800 employees in 200 manufacturing facilities and sales offices in 29 countries. CONTACT: Avery Dennison Corp., Pasadena Diane B. Dixon (media), 818/304-2118 dixon@averydennison.com Wayne H. Smith (investors), 818/304-2001 investorcom@averydennison.com |
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