Published on 1 Dec 2023 on Simply Wall St. via Yahoo Finance

Avery Dennison Corporation (NYSE:AVY) Passed Our Checks, And It's About To Pay A US$0.81 Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Avery Dennison Corporation (NYSE:AVY) is about to trade ex-dividend in the next three days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled 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 December will not receive the dividend, which will be paid on the 20th of December.

The company's next dividend payment will be US$0.81 per share, and in the last 12 months, the company paid a total of US$3.24 per share. Based on the last year's worth of payments, Avery Dennison has a trailing yield of 1.7% on the current stock price of $194.5. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.

Check out our latest analysis for Avery Dennison