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Avery Dennison To Consider Raising Dividend In 2011 - CEO

By Bob Tita Of DOW JONES NEWSWIRES CHICAGO -(Dow Jones)- Avery Dennison Corp. (AVY) will consider raising its stock dividend or buying back shares in 2011, as the company's financial condition improves, chairman and chief executive Dean Scarborough said. The manufacturer of labels, price tags and office supplies slashed its annual dividend a year ago to 80 cents a share from $1.64 to preserve cash for debt reduction in the wake of steep declines in sales. "Now, the company is in better shape," Scarborough said late Tuesday in an interview with Dow Jones Newswires. Demand has improved and the bulging inventories in Avery's businesses lines have been eliminated. Scarborough anticipates the company's board will consider a dividend increase next year or buying back shares of Avery stock. "It's something that's definitely on the table," he said. "We should be in a position a return more cash to shareholders." Avery's stock was recently trading up six cents at $35.38 a share. -By Bob Tita, Dow Jones Newswires; 312-750-4129;

Stock News for Avery Dennison (AVY)
08/19/201511:06:38Statement of Changes in Beneficial Ownership (4)
08/04/201514:16:48Quarterly Report (10-q)
07/29/201508:47:11Current Report Filing (8-k)
07/29/201508:30:00Avery Dennison Announces Second Quarter 2015 Results
07/23/201508:00:00Avery Dennison Declares Quarterly Dividend
07/16/201517:00:00Avery Dennison to Webcast Second Quarter 2015 Earnings Conference...
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06/24/201514:50:29Annual Report of Employee Stock Plans (11-k)
06/19/201516:16:48Current Report Filing (8-k)
06/02/201513:35:50Statement of Changes in Beneficial Ownership (4)
06/02/201513:31:27Statement of Changes in Beneficial Ownership (4)
05/29/201516:03:27Specialized Disclosure Report (sd)
05/26/201512:15:38Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201516:30:00Avery Dennison to Present at Investor Conference on June 3, 2015
05/15/201516:47:26Statement of Changes in Beneficial Ownership (4)
05/15/201516:44:48Statement of Changes in Beneficial Ownership (4)
05/12/201514:48:35Statement of Changes in Beneficial Ownership (4)
05/08/201517:05:26Current Report Filing (8-k)
05/05/201515:55:48Quarterly Report (10-q)

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