Precision Technology Company Continues Impressive Streak

  • Nordson raises quarterly dividend by 15%
  • Dividend now equals $3.12 a year with an annual yield of 1.31%
  • 61 consecutive years of dividend increases
  • Company maintains spot on list of ‘dividend kings’

Nordson Corporation, a precision technology company, has increased its quarterly dividend by 15% to 78 cents from the previous 68 cents. This move extends Nordson’s position on the list of ‘dividend kings,’ which are companies that have raised their dividends annually for at least half a century. The new dividend, amounting to $3.12 per year and offering an annual yield of approximately 1.31%, is payable to shareholders of record as of August 27th and will be distributed on September 10th. Nordson’s impressive streak now spans 61 consecutive years of dividend increases, according to the website Sure Dividend.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Nordson’s decision to raise its quarterly dividend by 15%, extending its status as a dividend king with 61 consecutive years of annual increases. It also includes relevant details such as the new payout amount, yield, and payment dates.
Noise Level: 1
Noise Justification: The article provides minimal information and lacks analysis or exploration of long-term trends or consequences. It simply reports on a company’s dividend increase without any context or deeper examination.
Public Companies: Nordson Corporation (NDSN)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: Nordson Corporation’s stock and dividend market
Financial Rating Justification: The article discusses Nordson Corporation raising its quarterly dividend, which affects the company’s stock value and the dividend market. It also mentions the impact on investors who receive the dividends.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: Technology
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

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