WESTLAKE, Ohio--(BUSINESS WIRE)--Nordson Corporation (Nasdaq:NDSN) today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend to $0.39 per common share from $0.38, an increase of 3 percent. The dividend is payable on September 8, 2020 to shareholders of record as of the close of business on August 25, 2020.
With this increase, Nordson’s fiscal year 2020 represents its 57th 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.
“Even in this dynamic macroeconomic environment, Nordson remains confident in the strong cash flows generated by the business and committed to rewarding shareholders with a consistently increasing dividend payment. For 57 consecutive years, the company has taken pride in returning a portion of our cash flow to our shareholders,” said Joseph Kelley, executive vice president and chief financial officer.
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.