- 47th consecutive year of dividend increases ranks company 16th for longest running record of increases
Westlake, Ohio, USA – August 17, 2010 - Nordson Corporation (Nasdaq:NDSN) today announced that its board of directors has approved an increase in the company’s quarterly cash dividend to $0.21 per common share from $0.19, an increase of 10.5 percent. The dividend is payable on September 14, 2010 to shareholders of record as of the close of business on August 31, 2010 and represents a total distribution to shareholders of approximately $7.1 million.
With this increase, Nordson’s fiscal year 2010 represents the 47th consecutive year of annual dividend increases, ranking Nordson 16th among an elite group of publicly traded companies with the longest-running record of consecutive dividend increases.
Nordson Corporation is one of the world’s leading producers of precision dispensing equipment that applies adhesives, sealants, coatings and other materials to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson has direct operations and sales support offices in more than 30 countries.
# # #
James R. Jaye, Director, Communications & Investor Relations