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Avery Dennison Says Dividend Hike May Be In Order
Avery Dennison Says Dividend Hike May Be In Order

Avery Dennison Eyes Dividend Increase

Avery Dennison Eyes Dividend Increase
About: Avery Dennison (NYSE: AVY), Avery Dennison, Avery Dennison, Avery Dennison quarterly dividend Bookmark and Share

Avery Dennison (NYSE: AVY), the California-based maker of labels, office products and related fare, said it will be in a position to boost its dividend in the second half of this year and a share buyback plan may accompany the higher dividend.

That's welcome news for shareholders that endured Avery Dennison's 50% dividend cut last year.

The company slashed its payout to conserve cash and reduce its debt load. Avery Dennison is on pace to lower its debt burden by $350 million this year.

Most of Avery Dennison's free cash flow is generated in the second half of the year, making it easier for the company to digest a dividend increase in the summer or fall than earlier in the year.

The dividend hike would likely take Avery Dennison's quarterly dividend to 25 cents a share from 20 cents, according to Bloomberg data. Avery Dennison shares currently yield 2.3%.

Avery Dennison Says Dividend Hike May Be In Order
 
Attention Shoppers: Retail Dividends Looking Strong
Attention Shoppers: Retail Dividends Looking Strong

Retail Dividend Stocks Rise Due to Consumer Spending

General Electric Dividend Update

With more than more than 25% of the S&P 500 raising dividends this year, investors have their pick of sectors from which to shop for newly increased payouts. While big financials have continued to sit on the sidelines when it comes to increased dividends, some sectors have shined, including consumer staples and energy. Another stalwart among the dividend boosters has been the retail sector. Both high-end retailers and their less pricey brethren have been among the more prolific dividend boosters in 2010.

About: Wal-Mart (NYSE: WMT), Family Dollar (NYSE: FDO), Costco (Nasdaq: COST), (NYSE: WSM), Lowe's (NYSE: LOW), Home Depot (NYSE: HD), Williams Sonoma (NYSE: WSM), Gap (NYSE: GPS), TJX Cos. (NYSE: TJX), Nordstrom (NYSE: JWN), Coach (NYSE: COH), Tiffany (NYSE: TIF)
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Wal-Mart (NYSE: WMT), the world's largest retailer, announced an 11% dividend increase in March. Wal-Mart has steadily been increasing its payout every year since 1974. Another discount retailer, Family Dollar (NYSE: FDO), boosted its dividend in January, marking the 33rd consecutive year Family Dollar has ratcheted its payout higher. Of course we cannot forget about Costco (Nasdaq: COST), the largest operator of warehouse stores in the U.S., announcing a 14% increase to its quarterly dividend.

Towards the higher end of the retail spectrum, Williams Sonoma (NYSE: WSM) has announced not one, but two dividend increases this year. The company also announced a $60 million share buyback in late May. Lowe's (NYSE: LOW), the second-largest home improvement retailer, announced a 22% increase to its quarterly dividend late May. Lowe's rival and Dow component Home Depot (NYSE: HD) announce a dividend increase in February.

Apparel retailers have joined in the party as well with Gap (NYSE: GPS) announcing an 18% to its annual dividend in February accompanied by plans for a $1 billion share repurchase program. TJX Cos. (NYSE: TJX), the operator of the Marshalls and TJ Maxx discount retail stores, said in April it will boost its quarterly dividend by 25% to 15 cents a share, marking the 14th straight year the company has raised its dividend.

Retailers of glamorous and glitzy items have also proven to be fertile ground for dividend hunters. Seattle-based Nordstrom (NYSE: JWN) said in May it would unveil its first dividend increase since 2007, raising its quarterly payout 25% to 20 cents a share. Coach (NYSE: COH) doubled its dividend in April after announcing its first-ever payout in April 2009.

Of the high-end group, Tiffany (NYSE: TIF) is the name that really shines. The purveyor of the famous blue boxes and expensive diamonds announced an 18% increase to its quarterly dividend in January along with saying it would reinstate a share repurchase plan with $402 million left on it. Tiffany followed that up by announcing a 25% increase to its quarterly dividend in May.

Overall, 2010 has been a solid year for dividend increases among retailers and we would expect that trend to continue if the economic recovery continues in earnest and the employment picture brightens.

 
Dividend Stock News For May 20, 2010
Dividend Stock News For May 20, 2010

The Latest in the World of Dividend Investing

Dividend Stock News For May 20, 2010

About: Safeway (NYSE: SWY), Dominick's, Safeway, Vons, Ashland (NYSE: ASH), Ashland Chemical, Hercules Chemical, Dow Jones  U.S. Select Dividend Index, Zenith National Insurance (NYSE: ZNT), H.J. Heinz (NYSE: HNZ), Fairfax Financial (NSYE: FFH), GoldCorp (NYSE: GG), GoldCorp
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Dividend Stock News For May 20, 2010
Supermarket operator Safeway (NYSE: SWY) announced a payout increase dividend shoppers may want to take a look at. The California-based company said it will boost its quarterly dividend by 20% to 12 cents a share. Safeway operates stores under the Dominick's, Safeway and Vons names. The new dividend is payable on July 15th to shareholders of record on June 24th.

 
Dividend Stock News For May 20, 2010
Specialty chemicals maker Ashland (NYSE: ASH) doubled its quarterly dividend to 15 cents a share from 7.5 cents. Ashland has been diligent about bolstering its balance sheet through asset sales following the company's acquisition of rival Hercules and the lower debt burden appears to be directly benefiting shareholders.

 
Dividend Stock News For May 20, 2010
The Dow Jones  U.S. Select Dividend Index will replace Zenith National Insurance (NYSE: ZNT) with H.J. Heinz (NYSE: HNZ) because Zenith is being acquired by Fairfax Financial (NSYE: FFH). The change will take place on May 21st. The index tracks the 100 highest dividend-paying companies in the U.S.

 
Dividend Stock News For May 20, 2010
Canadian gold miner GoldCorp (NYSE: GG) said it will consider boosting its dividend in 2011 as production increases and rising gold prices are helping the company bolster its cash position. GoldCorp currently pays an annual dividend of 18 cents  a share.