– Weekly Cash Flow Strategy –
MAR / JUN / SEPT / DEC
3rd week – Avery Dennison Corporation. (AVY) / $216.94
Forward Dividend & Yield 2.72 (1.24%)
Ex–Dividend Date Aug 31, 2021
Dividend Payout – 0.68
Avery Dennison Corp. manufactures and markets pressure–sensitive materials in the United States, Europe, Asia, Latin America and Internationally.
The company has a label and graphic materials segment that offers pressure sensitive label and packaging materials. It provides products to the home and personal care industry, beer and beverage, pharmaceutical, wine and spirits, and food market segments.
The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels and sustainable packing solutions.
The Q1 2021 earnings call was encouraging for shareholders with the CEO's message of a strong start to the year with revenue up 11%, EPS 45%, both well above expectations and strong free cash flow.
The favorable results were driven by improving and broad–based volume and productivity gains across the portfolio as all three of their operating segments delivered strong sales growth and significant margin expansion.