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Nordson: 63 Years of Dividend Growth
1 Sep
Summary
- Nordson celebrated 63 consecutive years of dividend increases.
- Dividend rose 15% to $0.94 per share in August 2026.
- Operating cash flow covered dividends more than four times over.
Nordson Corporation continues its impressive 63-year streak of annual dividend increases, recently announcing a 15% hike to $0.94 per share in August 2026. This consistent growth is supported by the company's strong financial health and prudent capital allocation.
Fiscal Q3 2026 saw record adjusted earnings per share of $3.25, with full-year guidance raised to $11.80-$12.00. This robust performance indicates Nordson's capacity to sustain and grow its dividend, which currently represents only about 31-32% of its adjusted EPS.
The company's operational cash flow for the first nine months of fiscal 2026 reached $570.5 million, significantly exceeding the $137.4 million paid in dividends. This substantial coverage provides a strong cushion for future dividend growth.
Furthermore, Nordson is strengthening its balance sheet by repaying debt while simultaneously returning capital to shareholders through dividends and share repurchases, presenting a favorable scenario for investors.
