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Thursday, Feb 29, 2024

Briefs: Avery Dennison, Bank of Santa Clarita.

Avery Dennison Corp. declared a quarterly cash dividend of 29 cents a share on its common stock, the company announced Wednesday. The Glendale label maker will pay the dividend on March 19 to stockholders of record on March 5. Earlier this month, the company moved from its longtime headquarters in Pasadena to occupy more than 54,000 square feet at 207 Goode Ave. in Glendale. Shares closed down 34 cents, or a fraction of a percent, to $48.93 on the New York Stock Exchange. Net earnings fell in the fourth quarter for Bank of Santa Clarita. The Santa Clarita financial institution reported earnings of $151,000 (7 cents a share) for the quarter ended Dec. 31, compared with $254,000 (11 cents) in the same period a year earlier. Assets rose 7.3 percent to $250.4 million. For the full year, the bank reported record earnings of $1 million (45 cents), up from $559,000 (25 cents) for the prior year. Its loan portfolio grew 4 percent to $162 million, while total deposits rose 8 percent to $181 million. Shares closed unchanged at $8.76 in over-the-counter trading.

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