AptarGroup, Inc. (NYSE:ATR – Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, May 6th will be given a dividend of 0.48 per share by the industrial products company on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 6th.
AptarGroup has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 31 years. AptarGroup has a payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AptarGroup to earn $6.20 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 31.0%.
AptarGroup Stock Up 0.1%
Shares of NYSE ATR opened at $119.10 on Monday. AptarGroup has a 12 month low of $103.23 and a 12 month high of $164.28. The company has a current ratio of 1.66, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.84 and a beta of 0.43. The business has a 50-day moving average of $130.21 and a 200-day moving average of $126.62.
AptarGroup declared that its Board of Directors has approved a stock buyback program on Thursday, February 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
About AptarGroup
AptarGroup, Inc is a global provider of advanced dispensing, sealing and protection solutions for consumer and pharmaceutical markets. The company designs and manufactures a broad portfolio of products that enable the controlled delivery of liquids, gels, powders and aerosols. Its customer base spans beauty and personal care, home care, food and beverage, and pharmaceutical sectors, where innovation in packaging and drug?delivery devices drives brand differentiation and regulatory compliance.
In the consumer markets, AptarGroup offers pumps, actuators, valves, closures and specialized bottles engineered for precision, convenience and sustainability.
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