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Nordson Corporation Raises Dividend for First Quarter 2007 Fiscal Year
 
Wednesday, December 06, 2006
 
 
 

·    44th year of consecutive dividend increases
·    Board approves repurchase of 1 million shares of stock

Westlake, Ohio, - December 6, 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 $.175 per common share from $.17, payable on January 3, 2007 to shareholders of record on December 19, 2006. With this increase, Nordson’s fiscal year 2007 represents the 44th consecutive year of annual dividend increases. The dividend rate also was raised by $.005 two quarters ago in May 2006.  

Nordson’s board of directors also authorized the purchase of up to 1 million shares of the company’s stock, or approximately 3 percent of the shares outstanding, over a three-year period. The repurchases will be made on the open market or in privately negotiated transactions, pursuant to the applicable Securities Exchange Act Rules. Shares may be purchased from time to time at prevailing prices, subject to market conditions, share price and other considerations.

Expected uses for repurchased shares include but are not limited to the funding of benefit programs including stock options, restricted stock and 401(k) matching. Shares purchased will be treated as treasury shares until used for such purposes.  

“We are proud of our strong record of returning value to our shareholders,” said Edward P. Campbell, chairman and chief executive officer. “Our long history of dividend increases places Nordson among an elite group of 20 publicly traded companies for longest-running record of consecutive dividend increases. This, coupled with our consistent pattern of share buy backs, demonstrates our balanced shareholder approach.”   

Information about Nordson’s investor relations and shareholder services is available from Barbara Price, manager, shareholder relations, at (440) 414-5344.  

In addition, the board of directors announced February 20, 2007 as the date for Nordson’s 2007 annual shareholders’ meeting.

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

 

 

 
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