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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)
11/20/201511:53:44Statement of Changes in Beneficial Ownership (4)
11/10/201511:32:03Statement of Changes in Beneficial Ownership (4)
11/09/201516:41:24Statement of Changes in Beneficial Ownership (4)
11/03/201518:29:02Statement of Changes in Beneficial Ownership (4)
11/03/201516:52:28Statement of Changes in Beneficial Ownership (4)
11/03/201516:36:22Quarterly Report (10-q)
11/03/201516:20:11Statement of Changes in Beneficial Ownership (4)
11/02/201514:52:55Statement of Changes in Beneficial Ownership (4)
10/29/201507:02:39Current Report Filing (8-k)
10/29/201506:45:00Avery Dennison Announces Third Quarter 2015 Results
10/23/201517:01:58Current Report Filing (8-k)
10/22/201517:00:00Avery Dennison Declares Quarterly Dividend
10/18/201520:16:00Why You May Soon See More Goods Labeled 'Made in Vietnam'
10/15/201521:00:00Avery Dennison to Webcast Third Quarter 2015 Earnings Conference...
09/17/201514:00:00Avery Dennison Expands Kunshan Plant and Adds New Coater to Meet...
09/15/201509:31:00Consumer Goods Sector Equities in Motion -- Pitney Bowes, VeriFone...
09/10/201509:00:00Avery Dennison to Cut Absolute Emissions by at Least 26 Percent...
09/03/201516:30:00Avery Dennison to Present at Investor Conference on September...
08/19/201511:06:38Statement of Changes in Beneficial Ownership (4)
08/04/201514:16:48Quarterly Report (10-q)

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