Crystal Lake, Illinois, April 18, 2019 — The Board of Directors of AptarGroup, Inc. (NYSE: ATR) yesterday authorized the repurchase of up to $350 million of the Company’s common stock. This new authorization replaces all previous authorizations. Aptar 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 6% to $0.36 per share. The payment date is May 22, 2019, to stockholders of record as of May 1, 2019.
Stephan Tanda, President and CEO, commented, “The new share repurchase authorization and increased dividend reflect our strong balance sheet and the confidence we have in the long-term growth prospects for the company. We are providing shareholders with current returns while we continue to invest in the business and remain flexible to take advantage of strategic acquisition opportunities. This will be our 26th consecutive year of paying an increased dividend.”
As previously announced, Aptar will hold a conference call on Wednesday, May 1, 2019 at 8:00 a.m. Central Time to discuss the Company’s first quarter results for 2019. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.