AptarGroup, Inc. (NYSE:ATR) Plans Quarterly Dividend of $0.50

AptarGroup, Inc. (NYSE:ATR) announced a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 12th will be paid a dividend of $0.50 per share by the industrial products company on Thursday, December 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 4.2% increase from AptarGroup’s previous quarterly dividend of $0.48.

AptarGroup has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AptarGroup to earn $6.14 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 31.3%.

AptarGroup Stock Performance

NYSE ATR opened at $130.78 on Friday. The company’s 50 day simple moving average is $125.79 and its two-hundred day simple moving average is $126.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.10. AptarGroup has a 1 year low of $103.23 and a 1 year high of $146.91. The stock has a market capitalization of $8.32 billion, a PE ratio of 23.65, a P/E/G ratio of 3.94 and a beta of 0.34.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.05. AptarGroup had a net margin of 9.22% and a return on equity of 13.31%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $980.76 million. During the same period in the previous year, the firm posted $1.62 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that AptarGroup will post 5.47 earnings per share for the current fiscal year.

AptarGroup Company Profile

AptarGroup, Inc (NYSE: ATR) develops and manufactures dispensing, sealing and delivery systems for the pharmaceutical, beauty, personal care, food and beverage markets. Its products are designed to control, protect and dispense a wide range of liquids, creams, lotions, fragrances and other formulations.

The company’s offerings include pumps, valves, closures, aerosol systems and other dispensing components, as well as drug-delivery technologies. Through its pharmaceutical business, Aptar supports nasal, pulmonary, ophthalmic, dermal and injectable applications, serving pharmaceutical and biotechnology companies with components and systems used in prescription, over-the-counter and consumer health products.

Aptar serves customers internationally through manufacturing, research and development and commercial operations across North America, Europe, Asia and other global markets.