CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Oct. 20, 2016--
The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today authorized
the repurchase of up to $350 million of the Company’s common stock. This
new authorization replaces all previous authorizations. AptarGroup 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 7% to $0.32 per share. The
payment date is November 23, 2016, to stockholders of record as of
November 2, 2016.
Steve Hagge, President and CEO commented, “The new $350 million
repurchase authorization and increased quarterly cash dividend are
reflective of our strong balance sheet and strong cash flow from
operations which allow us to continue to invest in our business and
return value to shareholders.”
As previously announced, AptarGroup will hold a conference call on
Friday, October 28, 2016, at 8:00 a.m. Central Time to discuss the
Company’s third quarter results for 2016. 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.
AptarGroup, Inc. is a leading global supplier of a broad range of
innovative dispensing systems for the beauty, personal care, home care,
prescription drug, consumer health care, injectables, food and beverage
markets. AptarGroup is headquartered in Crystal Lake, Illinois, with
manufacturing facilities in North America, Europe, Asia and South
America. For more information, visit www.aptar.com.
This press release contains forward-looking statements regarding our
business and operations. Forward-looking statements are made pursuant to
the safe harbor provisions of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934 and are based on
our beliefs as well as assumptions made by and information currently
available to us. Accordingly, our actual results may differ materially
from those expressed or implied in such forward-looking statements due
to known or unknown risks and uncertainties. For additional information
on these risks and uncertainties, please see our filings with the
Securities and Exchange Commission, including the discussion under “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” in our Form 10-Ks and Form 10-Qs.
We undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise.
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Source: AptarGroup, Inc.
AptarGroup, Inc.
Matthew DellaMaria
815-477-0424