Business Wire 11-Aug-2017 9:00 AM
WESTLAKE, Ohio--(BUSINESS WIRE)-- Nordson Corporation (Nasdaq:NDSN) today announced that its Board of Directors has approved an increase in the companys quarterly cash dividend to $0.30 per common share from $0.27, an increase of 11 percent. The dividend is payable on September 5, 2017 to shareholders of record as of the close of business on August 22, 2017 and represents a total distribution to shareholders of approximately $17.3 million.
With this increase, Nordsons fiscal year 2017 represents its 54th consecutive year of annual dividend increases, ranking Nordson 14th among an elite group of publicly traded companies with the longest-running record of consecutive dividend increases.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives,coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. These products are supported by application expertise and direct global sales and service. Nordson serves a wide variety of consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing. Founded in 1954 and headquartered in Westlake, Ohio, the company has operations and support offices in more than 30 countries. Visit Nordson on the web at http://www.nordson.com, @Nordson_Corp, or www.facebook.com/nordson.
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Source: Nordson Corporation