Crystal Lake, Illinois, October 10, 2024 — The Board of Directors of AptarGroup, Inc. (NYSE: ATR) authorized the repurchase of up to $500 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 declared a quarterly cash dividend of $0.45 per share. The payment date is November 14, 2024, to stockholders of record as of October 24, 2024.
Stephan Tanda, President and CEO, commented, “Aptar maintains a balanced approach to capital allocation, focused on returning capital to shareholders, as well as reinvesting in the business through capacity expansions and bolt-on acquisitions, aiming to position the company for continued growth. Over the last five years, we have returned more than $780 million to our stockholders through dividends and share repurchases.”
The timing and amounts of any share repurchases will be based on market conditions and other factors including but not limited to share price, regulatory requirements and capital availability. Aptar is not obligated to acquire any minimum dollar amount or number of shares, and the share repurchase program may be modified, suspended or discontinued at any time at Aptar’s discretion.
As previously announced, Aptar will hold a conference call on Friday, October 25, 2024 at 8:00 a.m. Central Time to discuss the Company’s third quarter results for 2024. 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.
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