Avery Dennison

Avery Dennison is a global leader in pressure-sensitive labeling and functional materials, supplying the adhesive labels, tags and RFID technology that appear on packaged goods, apparel and logistics shipments worldwide. Its intelligent-label business, driven by retail inventory tracking and supply-chain digitisation, has become a notable long-term growth engine. The company has raised or paid its dividend consistently for more than three decades, backed by resilient cash flows across economic cycles. The current yield is on the lower side, reflecting a payout that has grown alongside earnings rather than being stretched. Combined with a long, unbroken record, this makes for a strong and dependable dividend profile.