AptarGroup (ATR) Hikes Qtr. Dividend to 32c/Share; Approves $50M Stock Buyback
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AptarGroup Announces New $350 Million Share Repurchase Authorization and Raises Quarterly Dividend
October 20, 2016 5:00 PM EDTCRYSTAL LAKE, Ill.--(BUSINESS WIRE)-- The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today authorized the repurchase of up to $350 million of the Companys 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... More
