Nordson Corporation (NASDAQ:NDSN) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Stockholders of record on Tuesday, December 19th will be given a dividend of 0.30 per share by the industrial products company on Tuesday, January 2nd. This represents a $1.20 annualized dividend and a dividend yield of 0.94%.

Nordson has increased its dividend by an average of 16.3% annually over the last three years and has raised its dividend every year for the last 3 years. Nordson has a payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nordson to earn $5.82 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 20.6%.

Nordson (NASDAQ NDSN) traded down $1.04 during midday trading on Tuesday, hitting $127.52. 172,000 shares of the stock traded hands, compared to its average volume of 295,576. Nordson has a 12-month low of $103.76 and a 12-month high of $131.49. The stock has a market cap of $7,416.92, a price-to-earnings ratio of 23.90, a P/E/G ratio of 1.48 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.

NDSN has been the subject of a number of recent research reports. BidaskClub downgraded Nordson from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Gabelli upgraded Nordson from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded Nordson from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Robert W. Baird reiterated a “hold” rating and set a $128.00 price objective on shares of Nordson in a research note on Thursday, August 24th. Finally, FBR & Co set a $160.00 price objective on Nordson and gave the company a “buy” rating in a research note on Monday, September 11th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Nordson currently has a consensus rating of “Buy” and a consensus target price of $140.33.

In other news, VP James E. Devries sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $118.01, for a total transaction of $590,050.00. Following the sale, the vice president now directly owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.15% of the stock is owned by corporate insiders.

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Nordson Company Profile

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. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

Dividend History for Nordson (NASDAQ:NDSN)

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