Record Places Nordson Among the Top 20 Publicly Traded Companies for Longest Running Dividend Increases
Westlake, Ohio, - May 25, 2006 - Nordson Corporation (Nasdaq:NDSN) today announced that its board of directors has approved a $.005 increase in the company’s quarterly cash dividend to $.17 from $.165. This is the 43rd consecutive year that Nordson has increased its dividend per common share, ranking it in the top 20 for longest-running dividend increases among U.S. publicly traded companies. In addition, Nordson has paid a dividend every year since it began operations in 1954.
Nordson is accelerating the increase in its dividend from the fourth quarter to the third quarter as a result of ongoing strong financial performance.
“We are pleased with our ability to continue to increase the value that shareholders receive from Nordson,” said Edward Campbell, chairman and chief executive officer. “Our strong operating performance and growth have enabled us to achieve a long history of dividend increases.”
The board declared a third quarter 2006 cash dividend of $.17 payable on June 20, 2006 to shareholders of record on June 6, 2006.
Nordson Corporation is one of the world's leading producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures technology-based systems for curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson Corporation has more than 3,600 employees worldwide, and direct operations and sales support offices in 30 countries.
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Contact: Derrick Johnson, Director, Corporate Communications
Phone: (440) 414-5639
E-mail: djohnson@nordson.com