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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; robert.tita@dowjones.com

Stock News for Avery Dennison (AVY)
DateTimeHeadline
12/08/201612:19:00Statement of Changes in Beneficial Ownership (4)
12/05/201609:00:00Avery Dennison Partners with Apex on Wind Energy PPA; Advances...
12/02/201616:57:13Statement of Changes in Beneficial Ownership (4)
12/02/201616:54:06Statement of Changes in Beneficial Ownership (4)
12/01/201618:52:23Initial Statement of Beneficial Ownership (3)
12/01/201616:09:16Statement of Changes in Beneficial Ownership (4)
11/29/201617:22:48Statement of Changes in Beneficial Ownership (4)
11/28/201616:14:37Statement of Changes in Beneficial Ownership (4)
11/28/201616:12:57Statement of Changes in Beneficial Ownership (4)
11/02/201617:36:09Statement of Changes in Beneficial Ownership (4)
11/02/201616:44:33Statement of Changes in Beneficial Ownership (4)
11/01/201616:15:05Quarterly Report (10-q)
10/28/201606:45:00Avery Dennison Declares Quarterly Dividend
10/26/201606:47:12Current Report Filing (8-k)
10/26/201606:45:00Avery Dennison Announces Third Quarter 2016 Results
10/25/201609:00:00Avery Dennison Announces Innovative New Automated Food Labeling...
10/18/201609:00:00Avery Dennison and NXP lead the industry in more sustainable...
10/11/201616:30:00Avery Dennison to Webcast Third Quarter 2016 Earnings Conference...
10/04/201616:30:35Statement of Changes in Beneficial Ownership (4)
09/16/201606:59:00BD and Vancive Medical Technologies Launch New Vascular Dressings...

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