Nordson Corporation (NASDAQ:NDSN – Get Free Report) announced a quarterly dividend on Thursday, June 4th. Shareholders 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) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 18th.
Nordson has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 62 consecutive years. Nordson has a payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance
Shares of Nordson stock traded down $2.97 during mid-day trading on Thursday, hitting $286.48. 344,633 shares of the stock were exchanged, compared to its average volume of 393,197. Nordson has a 12 month low of $207.08 and a 12 month high of $305.28. The company has a 50-day simple moving average of $278.16 and a 200 day simple moving average of $267.46. The company has a market capitalization of $15.96 billion, a P/E ratio of 30.54, a P/E/G ratio of 1.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.60.
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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