Nordson Corporation (NASDAQ:NDSN) announced a quarterly dividend on Friday, August 11th, RTT News reports. Investors of record on Tuesday, August 22nd will be paid a dividend of 0.30 per share by the industrial products company on Tuesday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, August 18th. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27.
Nordson Corporation has raised its dividend by an average of 16.3% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Nordson Corporation has a payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Nordson Corporation to earn $5.91 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 20.3%.
Nordson Corporation (NASDAQ NDSN) opened at 127.68 on Friday. Nordson Corporation has a one year low of $89.87 and a one year high of $131.49. The firm has a 50-day moving average price of $123.96 and a 200-day moving average price of $121.99. The firm has a market capitalization of $7.36 billion, a P/E ratio of 26.91 and a beta of 1.35.
Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.05. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The company had revenue of $496.14 million during the quarter, compared to analyst estimates of $470.12 million. During the same quarter in the previous year, the business earned $1.23 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. Equities analysts anticipate that Nordson Corporation will post $5.40 earnings per share for the current year.
Several research firms recently commented on NDSN. Zacks Investment Research cut shares of Nordson Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Wells Fargo & Company reissued a “market perform” rating and set a $130.00 price target (up from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. BidaskClub raised shares of Nordson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Wellington Shields raised shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. Finally, FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Nordson Corporation currently has a consensus rating of “Buy” and an average price target of $115.50.
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About Nordson Corporation
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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