Dispensing Dividends With Nordson Corporation

Quick Background:Nordson Corporation (Nasdaq: NDSN) is an industrial company best known for producing dispensing equipment. The company was officially started in 1954 by brothers Eric and Evan Nord. Nordson traces its roots back even further to 1909, with the founding of the US Automatic Company, of which it was once a subsidiary. Currently, the company is based in Westlake, Ohio, USA, and employs around 3,600 people. NDSN divides itself into three primary groups, which differ mainly in the sectors their products their sectors are marketed towards. The "Adhesive Dispensing Systems" segment is geared towards consumer-focused products; their dispensing equipment is geared for things like applying lotions to diapers, glues to food wrappers, and plastics for toys and boxes. "Advanced Technology Systems" sells equipment to companies that manufacture electronics and medical equipment, while "Industrial Coating Systems" focuses on industry and manufacturing, such as cars and construction gear.While the company has no immediate direct competitors, it does compete indirectly with other companies in the industrials space. Graco (NYSE: GGG) manufactures fluid control equipment such as pumps and meters. Pall (NYSE: PLL) and CLARCOR (NYSE: CLC) work with filtration.For more basic information, check out the company's website and the 2014 annual report.An investment of $10,000 in December 2000 would be worth $67,262.96 today, all dividends reinvested. This yields an... Read more