NDSN Nordson Corporation

A double-digit dividend boost this large in a quarter where record results and raised guidance were already on the table is a clear signal of management’s conviction—cash generation isn't just solid, it's accelerating enough to share more with shareholders without jeopardizing the buy-back or debt paydown that support this premium multiple.

If the next quarterly print shows organic growth fading below mid-single digits and full-year guidance is cut, this dividend hike would look like a misread of the cycle rather than a confidence signal.