Aptar Announces New $500 Million Share Repurchase Authorization and Declares Quarterly Dividend
AptarGroup, Inc. (NYSE: ATR) has announced a new $500 million share repurchase authorization, replacing all previous authorizations. The company may repurchase shares through various methods, subject to market conditions. Additionally, Aptar declared a quarterly cash dividend of $0.45 per share, payable on November 14, 2024, to stockholders of record as of October 24, 2024.
CEO Stephan Tanda highlighted Aptar's balanced approach to capital allocation, focusing on returning capital to shareholders and reinvesting in the business. Over the past five years, Aptar has returned more than $780 million to stockholders through dividends and share repurchases. The company maintains flexibility in the timing and amount of share repurchases based on various factors.
AptarGroup, Inc. (NYSE: ATR) ha annunciato una nuova autorizzazione al riacquisto di azioni di 500 milioni di dollari, che sostituisce tutte le precedenti autorizzazioni. L'azienda potrà riacquistare azioni tramite diversi metodi, a seconda delle condizioni di mercato. Inoltre, Aptar ha dichiarato un dividendo in contante trimestrale di 0,45 dollari per azione, pagabile il 14 novembre 2024, agli azionisti registrati al 24 ottobre 2024.
Il CEO Stephan Tanda ha messo in evidenza l'approccio equilibrato di Aptar nella gestione del capitale, concentrandosi sul ritorno di capitale agli azionisti e sul reinvestimento nell'azienda. Negli ultimi cinque anni, Aptar ha restituito più di 780 milioni di dollari agli azionisti attraverso dividendi e riacquisti di azioni. L'azienda mantiene flessibilità nel timing e nell'importo dei riacquisti di azioni basandosi su vari fattori.
AptarGroup, Inc. (NYSE: ATR) ha anunciado una nueva autorización de recompra de acciones de 500 millones de dólares, reemplazando todas las autorizaciones anteriores. La empresa podrá recomprar acciones a través de varios métodos, según las condiciones del mercado. Adicionalmente, Aptar declaró un dividendo en efectivo trimestral de 0,45 dólares por acción, que se pagará el 14 de noviembre de 2024, a los accionistas registrados hasta el 24 de octubre de 2024.
El CEO Stephan Tanda destacó el enfoque equilibrado de Aptar sobre la asignación de capital, centrándose en devolver capital a los accionistas y reinvertir en el negocio. En los últimos cinco años, Aptar ha devuelto más de 780 millones de dólares a los accionistas a través de dividendos y recompras de acciones. La empresa mantiene flexibilidad en el tiempo y la cantidad de recompras de acciones en función de varios factores.
AptarGroup, Inc. (NYSE: ATR)은 새로운 5억 달러 규모의 자사주 매입 승인을 발표하였으며, 이는 모든 이전 승인을 대체합니다. 회사는 시장 상황에 따라 다양한 방법으로 주식을 매입할 수 있습니다. 또한 Aptar는 주당 0.45 달러의 분기 현금 배당금을 선언하였으며, 이는 2024년 11월 14일에 지급될 예정이고, 기록 기준일은 2024년 10월 24일입니다.
CEO Stephan Tanda는 Aptar의 자본 배분에 대한 균형 잡힌 접근 방식을 강조하며, 주주에게 자본을 반환하고 비즈니스에 재투자하는 데 중점을 두고 있습니다. 지난 5년 동안 Aptar는 배당금과 자사주 매입을 통해 주주에게 7억 8천만 달러 이상을 반환했습니다. 회사는 다양한 요인에 따라 자사주 매입의 시기와 금액을 조정할 수 있는 유연성을 유지하고 있습니다.
AptarGroup, Inc. (NYSE: ATR) a annoncé une nouvelle autorisation de rachat d'actions de 500 millions de dollars, remplaçant toutes les précédentes autorisations. L'entreprise peut racheter des actions par divers moyens, en fonction des conditions du marché. De plus, Aptar a déclaré un dividende en espèces trimestriel de 0,45 dollar par action, payable le 14 novembre 2024, aux actionnaires enregistrés au 24 octobre 2024.
Le PDG Stephan Tanda a souligné l'approche équilibrée d'Aptar en matière d'allocation de capital, en se concentrant sur le retour de capital aux actionnaires et le réinvestissement dans l'entreprise. Au cours des cinq dernières années, Aptar a retourné plus de 780 millions de dollars aux actionnaires par le biais de dividendes et de rachats d'actions. L'entreprise conserve une flexibilité quant au calendrier et au montant des rachats d'actions en fonction de divers facteurs.
AptarGroup, Inc. (NYSE: ATR) hat eine neue Genehmigung für den Rückkauf von Aktien in Höhe von 500 Millionen US-Dollar angekündigt, die alle vorherigen Genehmigungen ersetzt. Das Unternehmen kann Aktien über verschiedene Methoden zurückkaufen, abhängig von den Marktbedingungen. Darüber hinaus hat Aptar eine vierteljährliche Bar-Dividende von 0,45 US-Dollar pro Aktie erklärt, die am 14. November 2024 an die Aktionäre ausgezahlt wird, die am 24. Oktober 2024 registriert sind.
CEO Stephan Tanda hob Aptars ausgewogenen Ansatz zur Kapitalallokation hervor, der sich auf die Rückführung von Kapital an die Aktionäre und die Reinvestition in das Unternehmen konzentriert. In den letzten fünf Jahren hat Aptar mehr als 780 Millionen US-Dollar an Aktionäre durch Dividenden und Aktienrückkäufe zurückgegeben. Das Unternehmen behält sich die Flexibilität in Bezug auf den Zeitpunkt und die Höhe der Aktienrückkäufe vor, basierend auf verschiedenen Faktoren.
- New $500 million share repurchase authorization
- Quarterly cash dividend of $0.45 per share declared
- $780 million returned to stockholders over the past five years
- Balanced approach to capital allocation
- None.
Insights
Aptar's announcement of a
The company's balanced approach to capital allocation is noteworthy. Over the past five years, Aptar has returned over
However, investors should note that the actual impact of the share repurchase program will depend on market conditions and the company's discretion. The program's flexibility allows Aptar to adjust its capital allocation strategy as needed, which could be beneficial in uncertain economic environments.
Aptar's decision to implement a substantial share repurchase program and maintain its dividend reflects confidence in the company's financial health and future prospects. This move is likely to be well-received by investors, potentially leading to increased demand for the stock.
The timing of this announcement, just before the Q3 2024 earnings call, suggests that management may have positive expectations for the upcoming results. This could indicate strong operational performance and a robust financial position, which are important factors for sustained investor confidence.
Moreover, Aptar's strategy aligns with broader market trends where companies are focusing on returning value to shareholders while maintaining investment in growth opportunities. This balanced approach could help Aptar attract both value and growth investors, potentially broadening its investor base and supporting long-term stock performance.
Stephan Tanda, President and CEO, commented, “Aptar maintains a balanced approach to capital allocation, focused on returning capital to shareholders, as well as reinvesting in the business through capacity expansions and bolt-on acquisitions, aiming to position the company for continued growth. Over the last five years, we have returned more than
The timing and amounts of any share repurchases will be based on market conditions and other factors including but not limited to share price, regulatory requirements and capital availability. Aptar is not obligated to acquire any minimum dollar amount or number of shares, and the share repurchase program may be modified, suspended or discontinued at any time at Aptar’s discretion.
As previously announced, Aptar will hold a conference call on Friday, October 25, 2024 at 8:00 a.m. Central Time to discuss the Company’s third quarter results for 2024. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investors page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investors page of the website.
About Aptar
Aptar is a global leader in drug and consumer product dosing, dispensing and protection technologies. Aptar serves a number of attractive end markets including pharmaceutical, beauty, food, beverage, personal care and home care. Using market expertise, proprietary design, engineering and science to create innovative solutions for many of the world’s leading brands, Aptar in turn makes a meaningful difference in the lives, looks, health and homes of millions of patients and consumers around the world. Aptar is headquartered in
This press release contains forward-looking statements, including without limitation statements regarding the future dividends and share repurchases. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by use of words such as “expects,” “anticipates,” “believes,” “estimates,” “future,” “potential,” “continues” and other similar expressions or future or conditional verbs such as “will,” “should,” “would” and “could” are intended to identify such forward-looking statements. 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 or other events may differ materially from those expressed or implied in such forward-looking statements due to known or unknown risks and uncertainties that exist in our operations and business environment including, but not limited to: the successful integration of acquisitions; the regulatory environment; and competition, including technological advances. For additional information on these and other 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-K and Forms 10-Q. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
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Investor Relations Contact:
Mary Skafidas
Mary.skafidas@aptar.com
+1 347-351-6407
Media Contact:
Katie Reardon
katie.reardon@aptar.com
+1 815-479-5671
Source: AptarGroup, Inc.
FAQ
What is the amount of AptarGroup's new share repurchase authorization?
When will AptarGroup pay its next quarterly dividend?
How much capital has AptarGroup returned to shareholders in the last five years?
Is AptarGroup obligated to repurchase a minimum number of shares under the new authorization?
