AptarGroup (ATR) Declares $0.30 Quarterly Dividend; CEO Hagge to Retire

AptarGroup (NYSE: ATR) declared a quarterly dividend of $0.30 per share, or $1.2 annualized.

The dividend will be payable on August 17, 2016, to stockholders of record on July 27, 2016, with an ex-dividend date of July 25, 2016.

The annual yield on the dividend is 1.5 percent.

Also, after 35 years of service with AptarGroup, President and CEO, Stephen Hagge has informed the Board of Directors that he plans to retire at the end of the year. Mr. Hagge intends to continue to serve as a director of AptarGroup. The Board is conducting a formal evaluation of internal and external candidates before naming a successor.

Hagge commented, “It’s not an easy decision to retire from such a great company like Aptar. I’ll be 65 at the end of the year, I have good health, and I’m happy to be moving on to the next phase of my life where I can spend more time with my family. It’s been a tremendously exciting and rewarding career and I am very fortunate to have been a part of the stellar long-term performance of this organization. We have a very talented and experienced management team and an exceptionally dedicated global workforce. I expect a smooth transition once a successor has been named by the Board. I have no doubt that Aptar will continue to lead the industry in dispensing and sealing solutions for many years to come. I plan to continue to serve on our Board and I look forward to contributing to our future success.”

Board Chairman, King Harris, said, “Steve has been an integral part of our senior leadership team for over three decades. Under his guidance as CEO, Aptar completed two of the largest acquisitions in our history and the Company achieved record annual sales and earnings per share. We are grateful for his leadership and dedication over the many years which helped make Aptar the leader in our industry.”

Harris concluded, “The Board is very confident that our experienced senior management team will ensure a smooth and successful transition for the new CEO. We are conducting a thorough evaluation of internal and external candidates and expect to announce a successor soon.”

For a dividend history and other dividend-related data on AptarGroup (ATR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Farmers & Merchants Bancorp (FMCB) Raises Quarterly Dividend 4.7% to $5.60; 1.6% Yield
• Evogene chairman to address dissident shareholders on results call