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Avery Dennison Corp (AVY.N)

AVY.N on New York Stock Exchange

109.35USD
17 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Avery Dennison - Board Approved Termination Of Avery Dennison Pension Plan, Effective Sept 28
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Avery Dennison Corp ::AVERY DENNISON - BOARD APPROVED TERMINATION OF AVERY DENNISON PENSION PLAN, EFFECTIVE AS OF SEPT 28.AVERY DENNISON CORP - TERMINATION OF PLAN IS EXPECTED TO SETTLE A LONG-TERM LIABILITY CURRENTLY ESTIMATED TO BE ABOUT $950 MILLION.AVERY DENNISON - THE TAX-QUALIFIED U.S. DEFINED BENEFIT PLAN IS CURRENTLY "UNDERFUNDED" BY ESTIMATED $240 MILLION ON A PLAN TERMINATION BASIS-SEC FILING.AVERY DENNISON CORP - CO PLANS TO BORROW COMMERCIAL PAPER TO CONTRIBUTE $200 MILLION IN CASH PRIOR TO AUGUST 15.AVERY DENNISON CORP - CO CURRENTLY ESTIMATES TOTAL NON-CASH CHARGE ASSOCIATED WITH TERMINATION OF PLAN TO BE BETWEEN $575 MILLION AND $600 MILLION.AVERY DENNISON- EXPECTS TERMINATION OF PENSION PLAN ACTIONS TO HAVE NO MATERIAL IMPACT ON ITS AVAILABLE CAPITAL OR CAPITAL ALLOCATION STRATEGY.AVERY DENNISON - ESTIMATES ABOUT $100 MILLION OF TOTAL NON-CASH CHARGE RELATED TO PLAN TERMINATION TO BE RECOGNIZED DURING Q4.  Full Article

Avery Dennison Increases Quarterly Dividend
Thursday, 26 Apr 2018 

April 26 (Reuters) - Avery Dennison Corp ::AVERY DENNISON INCREASES QUARTERLY DIVIDEND.INCREASES QUARTERLY CASH DIVIDEND BY 16 PERCENT TO $0.52PER SHARE.  Full Article

Avery Dennison enters fourth amended and restated credit agreement - SEC filing​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Avery Dennison Corp ::Says on Nov 8, co entered fourth amended and restated credit agreement amending amended agreement dated as of October 3, 2014 - SEC filing​.Says under the credit agreement, company may borrow up to an aggregate of $800 million in revolving loans ‍​.Says ‍commitments under credit agreement may be increased by up to an aggregate of $300 million upon Company's request​.Says maturity date is Nov 8, 2022; however, company may request that commitments be extended for one-year periods under some conditions​.  Full Article

Avery Dennison sets quarterly cash dividend of $0.45 per share
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Avery Dennison Corp - :Sets quarterly cash dividend of $0.45 per share.  Full Article

Avery Dennison reports Q3 earnings per share of $1.20
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Avery Dennison Corp :Avery Dennison announces third quarter 2017 results.Q3 sales $1.68 billion versus I/B/E/S view $1.65 billion.Q3 earnings per share $1.20.Q3 earnings per share view $1.21 -- Thomson Reuters I/B/E/S.Avery Dennison Corp - ‍raised FY17 guidance midpoint for reported and adjusted EPS by $0.10​.Avery Dennison Corp - qtrly organic sales growth (non-GAAP) of 5.3 percent​.Avery Dennison Corp - ‍expects 2017 reported earnings per share of $4.60 to $4.65​​.Avery Dennison Corp - ‍now expects adjusted earnings per share of $4.90 to $4.95​ for 2017.Avery Dennison Corp - ‍expects 2017 adjusted earnings per share non-gaap of $4.90 to $4.95​.FY2017 earnings per share view $4.83, revenue view $6.54 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Avery Dennison Increases Quarterly Dividend

* INCREASES QUARTERLY CASH DIVIDEND BY 16 PERCENT TO $0.52PER SHARE Source text for Eikon: Further company coverage: