CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Apr. 18, 2019--
The Board of Directors of AptarGroup, Inc. (NYSE: ATR) yesterday
authorized the repurchase of up to $350 million of the Company’s common
stock. This new authorization replaces all previous authorizations.
Aptar may repurchase shares through the open market, privately
negotiated transactions or other programs, subject to market conditions.
The Board also increased the quarterly cash dividend by 6% to $0.36 per
share. The payment date is May 22, 2019, to stockholders of record as of
May 1, 2019.
Stephan Tanda, President and CEO, commented, “The new share repurchase
authorization and increased dividend reflect our strong balance sheet
and the confidence we have in the long-term growth prospects for the
company. We are providing shareholders with current returns while we
continue to invest in the business and remain flexible to take advantage
of strategic acquisition opportunities. This will be our 26th
consecutive year of paying an increased dividend.”
As previously announced, Aptar will hold a conference call on Wednesday,
May 1, 2019 at 8:00 a.m. Central Time to discuss the Company’s first
quarter results for 2019. The call will last approximately one hour.
Interested parties are invited to listen to a live webcast by visiting
the Investor Relations page at www.aptar.com.
Replay of the conference call can also be accessed for a limited time on
the Investor Relations page of the website.
Aptar is a leading global supplier of a broad range of innovative
dispensing, sealing and active packaging solutions for the beauty,
personal care, home care, prescription drug, consumer health care,
injectables, food and beverage markets. Aptar uses insights, design,
engineering and science to create innovative packaging technologies that
build brand value for its customers, and, in turn, make a meaningful
difference in the lives, looks, health and homes of people around the
world. Aptar is headquartered in Crystal Lake, Illinois and has over
14,000 dedicated employees in 18 different countries. For more
information, visit www.aptar.com.
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Source: AptarGroup, Inc.
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