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Nordson Corporation today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend to $0.27 per common share from $0.24, an increase of 13%. The dividend is payable on September 6, 2016 to shareholders of record as of the close of business on August 23, 2016 and represents a total distribution to shareholders of approximately $15.4 million.
With this increase, Nordson’s fiscal year 2016 represents its 53rd consecutive year of annual dividend increases, ranking Nordson 14th among an elite group of publicly traded companies with the longest-running record of consecutive dividend increases.
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. These products are supported by application expertise and direct global sales and service. Nordson serves a wide variety of consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing. Founded in 1954 and headquartered in Westlake, Ohio, the company has operations and support offices in more than 30 countries.