AptarGroup Plans Repurchase Of Up To $500M Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
AptarGroup has announced a new authorization to repurchase up to $500 million of its common stock, replacing all previous authorizations. The company may buy back shares through various methods, depending on market conditions. Additionally, AptarGroup declared a quarterly cash dividend of $0.45 per share, payable on November 14, 2024, to shareholders of record as of October 24, 2024.
October 10, 2024 | 9:01 pm
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AptarGroup has authorized a $500 million stock repurchase plan, replacing previous authorizations. This move could support the stock price by reducing supply. Additionally, a $0.45 quarterly dividend was declared, providing income to shareholders.
The $500 million stock repurchase plan is likely to positively impact AptarGroup's stock price by reducing the number of shares available in the market, potentially increasing the value of remaining shares. The dividend declaration further enhances shareholder value, making the stock more attractive to income-focused investors.
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