2 Companies Increasing Dividends by 20% or More

CECO Environmental Corp. (Nasdaq: CECE), a leading global provider of air pollution control technology and industrial ventilation systems, today announced that its Board of Directors is raising its quarterly dividend 29% to$0.045 per share from the previous quarterly dividend of $0.035 per share. The dividend will be paid on September 28, 2012, to all shareholders of record at the close of business onSeptember 14, 2012.  CECO has a dividend yield of 2.20% with a payout ratio of 19%.  CECO has an equity summary score of 9.1 out of 10 for a VERY Bullish outlook.

Financial highlights for the second quarter of 2012 compared to the second quarter of 2011 include:

Net sales increased by 6% to $34.6 million compared to $32.5 million in the comparable quarter;

Gross profit increased by 21% to $10.5 million from $8.7 million;

Gross margin increased to 30.3% from 26.8%;

Operating income increased by 54% to $4.3 million from $2.8 million in 2011;

Operating margin increased to 12.4% from 8.6% in 2011;

Net income increased by 25% to $2.5 million compared to $2.0 million;

Net income per diluted share was $0.15 compared to $0.12 in 2011.

CECO also announced today that its Board of Directors has approved a Dividend Reinvestment Plan (the “Plan”) for eligible holders of CECO common shares.  Participants in the Plan can increase their holdings by having all or a certain portion of their dividends (if, as and when declared by the CECO’s Board of Directors and paid) reinvested in CECO common stock at a discount to the market price, as described in the Plan.

Nordson Corporation (NASDAQ: NDSN) announced that its board of directors has approved an increase in the company’s quarterly cash dividend to $0.15 per common share from $0.125, an increase of 20 percent. The dividend is payable on September 11, 2012 to shareholders of record as of the close of business on August 28, 2012. Nordson has a dividend yield of 1.1% with a 5-year dividend growth average of 7.39%.  There are significant payout opportunities ahead as the payout ratio is only 16%.

With this increase, Nordson’s fiscal year 2012 represents its 49th consecutive year of annual dividend increases, ranking Nordson 15th among an elite group of publicly traded companies with the longest-running record of consecutive dividend increases and represents a total distribution to shareholders of approximately $9.6 million.

Nordson Corporation delivers precision technology solutions that help customers increase throughput, productivity and up-time, enable new products and features, and decrease material usage. The company engineers, manufactures and markets differentiated products and systems used for dispensing adhesives, coatings, sealants, biomaterials and other materials, fluid management, test and inspection, UV curing and plasma surface treatment, all supported by application expertise and direct global sales and service.