As per Nordson Corporation (NASDAQ:NDSN)’s news release on 2016-05-18, its shareholders will get cash dividend of $0.24 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-27 and 2016-06-10, respectively.
The stock will commence trading ex-dividend from 2016-05-25, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Nordson Corporation (NASDAQ:NDSN) disbursed $0.24 in dividend compared to distribution of $0.24, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 18.4211%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Nordson Corporation (NASDAQ:NDSN) to attain a price target of $96.5. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $102. The low price range is set at $88 for next year while the arithmetic mean is seen at 2.18.
Eyeing Earnings Nordson Corporation (NASDAQ:NDSN) is likely to post quarterly numbers around 2016-08-22 for the quarter ending 2016-07-31. The quarterly EPS projection is set at $1.34 for the period ending on 2016-07-31.
In last quarter ended 2015-10-31, Nordson Corporation (NASDAQ:NDSN) earnings came at $1.19 suggesting a deviation of $0.26. The brokerages targeted EPS of $0.93 for the quarter.
Shares of the Nordson Corporation (NASDAQ:NDSN) traded in the range of $89.82 to $90.99 and closed the last trading session at $90.39 on a volume of ((Volume:238}}.
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