West Announces Third-Quarter 2020 Dividend

Rhea-AI Summary

West Pharmaceutical Services, Inc. (NYSE: WST) announced a dividend of $0.16 per share for the third quarter of 2020. The dividend is scheduled for payment on August 5, 2020, to shareholders of record as of July 29, 2020. This decision underscores the company’s commitment to returning value to its shareholders while continuing its operations in innovative solutions for injectable drug administration.

Positive

• Approval of a $0.16 per share dividend reflects an effort to return value to shareholders.
• Strong performance in 2019 with sales of $1.84 billion indicates robust business health.

Negative

• None.

EXTON, Pa., July 15, 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 third-quarter 2020 dividend of $0.16 per share.  The dividend will be paid on August 5, 2020, to shareholders of record as of July 29, 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.

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SOURCE West Pharmaceutical Services, Inc.

FAQ

What is the dividend amount announced by West Pharmaceutical Services?

West Pharmaceutical Services announced a dividend of $0.16 per share.

When will the dividend be paid for West Pharmaceutical Services?

The dividend will be paid on August 5, 2020.

Who will receive the dividend from West Pharmaceutical Services?

Shareholders of record as of July 29, 2020, will receive the dividend.

What were the 2019 sales figures for West Pharmaceutical Services?

West Pharmaceutical Services reported sales of $1.84 billion in 2019.