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8-K - FORM 8-K - Avery Dennison Corp | v58503e8vk.htm |
EX-99.1 - EX-99.1 - Avery Dennison Corp | v58503exv99w1.htm |
EX-99.2 - EX-99.2 - Avery Dennison Corp | v58503exv99w2.htm |
Exhibit 99.3
AVERY DENNISON INCREASES DIVIDEND 25 PERCENT AND
AUTHORIZES INCREASE IN SHARE REPURCHASES
AUTHORIZES INCREASE IN SHARE REPURCHASES
PASADENA, Calif., February 2, 2011 The Board of Directors of Avery Dennison Corporation
(NYSE:AVY) has increased its quarterly dividend and approved a new authorization for additional
share repurchases, the company announced today.
The board declared a quarterly dividend of $0.25 per share, reflecting a five cent, or 25 percent,
increase over the previous quarterly dividend. The dividend is payable March 16, 2011 to
shareholders of record on March 2, 2011.
The board also authorized the repurchase of up to five million additional shares of the companys
outstanding common stock, increasing the current balance of shares available for repurchase to
approximately six million.
The boards actions demonstrate our confidence in the long-term growth of the company and our
commitment to returning cash to our shareholders, said Dean A. Scarborough, Avery Dennison
chairman, president and chief executive officer.
Under Avery Dennisons stock repurchase program, common shares may be repurchased from time to time
by or on behalf of the company in the open market or otherwise. Repurchases may be commenced or
discontinued at any time and, if commenced, may be conducted pursuant to prearranged plans.
About Avery Dennison
Avery Dennison (NYSE:AVY) helps make brands more inspiring and the world more intelligent. For 75
years the company has been a global leader in pressure-sensitive technology and materials, retail
branding and information solutions, and organization and identification products for offices and
consumers. A FORTUNE 500 company with sales of $6 billion in 2009, Avery Dennison is based in
Pasadena, California and has employees in over 60 countries. For more information, visit
www.averydennison.com.
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Contacts
Media Relations:
David Frail (626) 304-2014
david.frail@averydennison.com
david.frail@averydennison.com
Investor Relations:
Eric M. Leeds (626) 304-2029
investorcom@averydennison.com
Eric M. Leeds (626) 304-2029
investorcom@averydennison.com