West Announces Increase to Fourth-Quarter 2020 Dividend

Rhea-AI Summary

West Pharmaceutical Services announced a 4Q 2020 dividend increase to $0.17 per share, up from $0.16, marking a 6.25% rise. This dividend is part of the company's commitment to shareholders, representing the 28th consecutive annual increase. The payment will occur on November 18, 2020, for shareholders recorded by November 11, 2020. West's 2019 sales reached $1.84 billion, reflecting ongoing demand for its products in the healthcare sector.

Positive

• Dividend increased by 6.25% to $0.17 per share.
• 28th consecutive annual dividend increase.
• Strong sales of $1.84 billion in 2019 demonstrate company stability.

Negative

• None.

EXTON, Pa., Oct. 28, 2020 /PRNewswire/ -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, announced today that the Company's Board of Directors has approved a fourth-quarter 2020 dividend of $0.17 per share, a 6.25% increase over the $0.16 per share declared for each of the four preceding quarters.  This is the twenty-eighth consecutive annual increase in the Company's dividend.  The dividend will be paid on November 18, 2020, to shareholders of record as of November 11, 2020. 

About West
West Pharmaceutical Services, Inc. is a leading manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. Working by the side of its customers from concept to patient, West creates products that promote the efficiency, reliability and safety of the world's pharmaceutical drug supply. West is headquartered in Exton, Pennsylvania, and supports its customers from locations in North and South America, Europe, Asia and Australia. West's 2019 sales of $1.84 billion reflect the daily use of more than 100 million of its components and devices, which are designed to improve the delivery of healthcare to patients around the world.

All trademarks and registered trademarks used in this release are the property of West Pharmaceutical Services, Inc. or its subsidiaries, in the United States and other jurisdictions, unless otherwise noted.

View original content to download multimedia:http://www.prnewswire.com/news-releases/west-announces-increase-to-fourth-quarter-2020-dividend-301161236.html

SOURCE West Pharmaceutical Services, Inc.

FAQ

What is the amount of the WST dividend for Q4 2020?

The dividend for Q4 2020 is $0.17 per share.

When is the WST dividend payment date?

The dividend will be paid on November 18, 2020.

What is the history of WST's dividend increases?

This marks the 28th consecutive annual increase in WST's dividend.

What were West Pharmaceutical's sales in 2019?

West Pharmaceutical's sales in 2019 were $1.84 billion.