Nordson Corporation (NASDAQ:NDSN – Get Free Report) announced a quarterly dividend on Tuesday, June 2nd. Stockholders of record on Thursday, June 18th will be given a dividend of 0.82 per share by the industrial products company on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 18th.
Nordson has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 62 consecutive years. Nordson has a payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nordson to earn $12.40 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 26.5%.
Nordson Trading Up 1.4%
Shares of Nordson stock opened at $292.24 on Tuesday. The stock has a market cap of $16.28 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The firm has a fifty day moving average price of $281.53 and a 200 day moving average price of $270.57. Nordson has a 1 year low of $207.08 and a 1 year high of $305.28. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65.
Nordson Company Profile
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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