Owens-Illinois (OI) Initiates $0.05 Quarterly Dividend; Increases Buyback Program to $600M

Owens-Illinois (NYSE: OI) declared a quarterly dividend of $0.05 per share, or $0.2 annualized.

The dividend will be payable on February 12, 2019, to stockholders of record on January 22, 2019, with an ex-dividend date of January 18, 2019.

The annual yield on the dividend is 1.2 percent.

"The initiation of a dividend and continuing share repurchase program demonstrate the Board's confidence in the Company's strong operating performance, free cash flow generation, and sustainable long-term financial outlook," said Carol Williams, Independent Board Chair, Owens-Illinois, Inc.

Also today, O-I announced that the Board has authorized an increase of the existing share repurchase program for O-I's common stock to $600 million. With this $313 million increase, and taking into account repurchases already made under the existing program, the Company had approximately $600 million in remaining repurchase authority as of November 1, 2018.

For a dividend history and other dividend-related data on Owens-Illinois (OI) click here.

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