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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)
02/03/201607:01:48Current Report Filing (8-k)
02/03/201606:50:00Avery Dennison Declares Quarterly Dividend
02/03/201606:45:00Avery Dennison Announces Fourth Quarter and Full Year 2015 Results
01/25/201613:51:13Amended Statement of Ownership (sc 13g/a)
01/19/201617:27:58Statement of Changes in Beneficial Ownership (4)
01/19/201617:23:10Statement of Changes in Beneficial Ownership (4)
01/19/201617:15:43Statement of Changes in Beneficial Ownership (4)
01/19/201617:09:01Statement of Changes in Beneficial Ownership (4)
01/19/201617:00:59Statement of Changes in Beneficial Ownership (4)
01/19/201612:32:00Avery Dennison Retail Branding and Information Solutions Enhances...
01/11/201617:00:00Avery Dennison Upcoming Investor Events
12/07/201514:44:01Statement of Changes in Beneficial Ownership (4)
12/02/201506:45:00Avery Dennison to Present at Investor Conference on December...
12/01/201506:00:00Avery Dennison Joins Call for “Strong Step Forward” at Paris Tal...
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)

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