AVYAvery Dennison CorporationStock — Materials
Yield
2.20%
$4.00 indicated at $181.83
Dividend
$1.00/qtr
Declared Oct 23, 2026, payable Dec 16, 2026; raised from $0.94
Payout ratio
43.8%
Trailing, per StockAnalysis
Pays
Quarterly
15 years of growth; 9.41% 5-year growth
House verdict
Covered, compounding — a packaging compounder. A $1.00 quarterly dividend, raised in 2026 from $0.94, at a 43.8% trailing payout and about 29% of cash flow. Fifteen years of growth and 9.41% five-year dividend growth make this a quality payer, not a yield headline.
Key risk: Materials volumes are cyclical — a packaging downturn hits volumes before it hits the dividend.
Changes if: The payout climbs past ~60% or a raise is skipped.
- ✓Covered by earnings 43.8% trailing payout, per StockAnalysis.
- ✓Covered by cash flow About 29% of cash flow paid out.
- ✓Compounding 15 years of growth; 9.41% five-year dividend growth; raised again in 2026.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.