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Aug. 10, 2018, 8:55 a.m. EDT

Nordson boosts dividend by 17%

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By Tomi Kilgore

Nordson Corp. /zigman2/quotes/204377260/composite NDSN +0.49% said Friday it will raise its quarterly dividend by 17% to 35 cents a share from 30 cents a share. The maker of products used to dispense adhesives and coatings said the new dividend will be payable Sept. 4 to shareholders of record on Aug. 21. Based on Thursday's stock closing price of $133.08, the new annual dividend rate implies a dividend yield of 1.05%, compared with the implied dividend yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.82% of 1.89%, according to FactSet. Nordson's stock, which was still inactive in premarket trade, has lost 9.1% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.82% has gained 6.7%.

/zigman2/quotes/204377260/composite
US : U.S.: Nasdaq
$ 228.16
+1.12 +0.49%
Volume: 137,246
Aug. 3, 2021 4:00p
P/E Ratio
43.54
Dividend Yield
0.68%
Market Cap
$13.19 billion
Rev. per Employee
$280,754
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/zigman2/quotes/210599714/realtime
US : S&P US
4,423.15
+35.99 +0.82%
Volume: 2.20B
Aug. 3, 2021 4:58p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,423.15
+35.99 +0.82%
Volume: 2.20B
Aug. 3, 2021 4:58p
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