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Provider: Stock Traders Daily
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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Nordson Corp Increases Dividend 20%; Authorizes New $200 Million Share Repurchase Program

Friday, 16 Aug 2013 09:00am EDT 

Nordson Corp announced that its Board of Directors has approved an increase in the Company's quarterly cash dividend to $0.18 per common share from $0.15, an increase of 20%. The dividend is payable on September 10, 2013 to shareholders of record as of the close of business on August 27, 2013. The Board also has authorized a new $200 million share repurchase program. This new program replaces the Board`s March 2012 $100 million share repurchase program, under which approximately $41 million in Nordson shares had been purchased. Expected uses for repurchased shares include, but are not limited to, funding benefit programs including stock options, restricted stock and 401(k) matching. Shares repurchased will be treated as treasury shares until used for such purposes. Shares may be purchased from time to time at prevailing prices, subject to market conditions, share price and other considerations. Purchases will be made on the open market pursuant to the applicable Securities Exchange Act Rules and will be funded from operating cash flows. 

Company Quote

-0.82 -1.11%
30 Jan 2015