Published on 29 Feb 2024 on Simply Wall St. via Yahoo Finance

Read This Before Considering Avery Dennison Corporation (NYSE:AVY) For Its Upcoming US$0.81 Dividend

It looks like Avery Dennison Corporation (NYSE:AVY) is about to go ex-dividend in the next four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase Avery Dennison's shares on or after the 5th of March will not receive the dividend, which will be paid on the 20th of March.

The company's next dividend payment will be US$0.81 per share. Last year, in total, the company distributed US$3.24 to shareholders. Looking at the last 12 months of distributions, Avery Dennison has a trailing yield of approximately 1.5% on its current stock price of US$214.16. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Avery Dennison