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Nordson Rewards Shareholders With a 5% Dividend Increase
ZACKSยท 2025-08-29 16:45
Core Insights - Nordson Corporation (NDSN) has increased its quarterly dividend by 5% to 82 cents per share, marking the 62nd consecutive year of annual dividend increases [1][2][8] - The new dividend will be paid on September 25, 2025, to shareholders of record as of September 11, 2025 [1][8] Financial Health - The increase in dividend reflects Nordson's strong financial health, utilizing free cash flow to enhance shareholder returns [2] - Dividend payments totaled $88.9 million in the first six months of fiscal 2025, representing a 14.3% year-over-year increase [3] - The company also repurchased shares worth $146.3 million in the same period, indicating operational strength and commitment to shareholder wealth [3][8] Market Position and Performance - Nordson is well-positioned to benefit from solid momentum in the Advanced Technology Solutions segment, driven by strong customer demand in various product lines [4] - The company's shares have risen 4.1% in the past month, outperforming the industry's growth of 2.6% [5] - The Zacks Consensus Estimate for NDSN's fiscal 2025 earnings is $10.07 per share, reflecting a 0.4% increase from the previous estimate [5]