Aptar Raises Quarterly Dividend

Rhea-AI Summary

AptarGroup, Inc. (NYSE: ATR) has declared a quarterly cash dividend of $0.38 per share, representing a 6% increase from the previous dividend. The payment date is May 19, 2021, for stockholders of record as of April 28, 2021. In 2020, Aptar returned $93 million to shareholders and is set for its 28th consecutive year of increased annual dividends. The company achieved a Total Shareholder Return of 102% over the past five years, outperforming its peer group and the S&P Midcap 400.

Positive

• Quarterly cash dividend increased to $0.38 per share.
• 28th consecutive year of increased annual dividends.
• $93 million returned to shareholders in 2020.
• Total Shareholder Return of 102% over the past five years.

Negative

• None.

AptarGroup, Inc. (NYSE: ATR), a global leader in drug delivery, consumer product dispensing and material science solutions, today declared a quarterly cash dividend of $0.38 per share which is an increase of approximately 6% from the previous dividend amount. The payment date is May 19, 2021, to stockholders of record as of April 28, 2021.

Stephan Tanda, Aptar President and CEO, commented, “One element of Aptar’s compounding growth story is our dividend program. In 2020, we returned $93 million dollars to shareholders and with this current increase, we are on track for our 28^th consecutive year of paying an increased annual dividend. By executing on our balanced capital allocation strategy and investing in new technologies and capacity, while we strengthen our competitive position through complementary acquisitions and partnerships, Aptar has grown and achieved a Total Shareholder Return of 102% over the past five years. This return has exceeded the returns of our Peer Group and the S&P Midcap 400.”

As previously announced, Aptar will hold a conference call on Friday, April 30, 2021 at 8:00 a.m. Central Time to discuss the Company’s first quarter results for 2021. 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 the design and manufacturing of a broad range of drug delivery, consumer product dispensing and material science solutions. Aptar’s innovative solutions and services serve a variety of end markets including pharmaceutical, beauty, personal care, home, food and beverage. Using insights, proprietary design, engineering and science to create dispensing, dosing and protective packaging technologies 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 Crystal Lake, Illinois and has 13,000 dedicated employees in 20 countries. For more information, visit www.aptar.com.

This press release contains forward-looking statements. Expressions or future or conditional verbs such as “will” 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 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-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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210415005839/en/

FAQ

What is the new dividend amount for AptarGroup (ATR)?

The new quarterly cash dividend amount is $0.38 per share.

When will AptarGroup (ATR) pay its next dividend?

The next dividend payment will be on May 19, 2021.

What is the record date for AptarGroup's (ATR) dividend?

The record date for the dividend is April 28, 2021.

How much did AptarGroup (ATR) return to shareholders in 2020?

AptarGroup returned $93 million to shareholders in 2020.

How long has AptarGroup (ATR) been increasing its dividends?

AptarGroup is on track for its 28th consecutive year of increasing dividends.