Nordson Boosts Dividend By 13%

Nordson Corp. said Friday that it will increase its quarterly dividend by 12.5% to 27 cents a share from 24 cents a share. The new dividend will be payable Sept. 6 to shareholders of record on Aug. 23. Based on Thursday's closing price for the adhesives company's stock of $91.29, the new dividend implies an annualized dividend yield of 1.18%, compared with the aggregate S&P 500 dividend yield of 2.1%. Nordson's shares, which were still inactive in premarket trade, have soared 42% year to date, while the S&P 500 has gained 6.9%.