The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today increased the number of shares authorized for repurchase by 4 million shares bringing the total currently authorized for repurchase to 5.2 million shares. The Board also declared a quarterly cash dividend of $0.25 per share. The payment date is August 21, 2013, to stockholders of record as of July 31, 2013.
Steve Hagge, President and CEO commented, “We are pleased that our strong financial condition allows us to return value to shareholders through our share repurchase program and our dividend. With the strength of our balance sheet, we also have the capacity to take advantage of strategic opportunities as they arise.”
Upcoming Conference Call
As previously announced, AptarGroup will host a conference call on Thursday July 25, 2013 at 8:00 a.m. Central Time to discuss second quarter results for 2013. The Company plans to announce its second quarter results after trading on the New York Stock Exchange has closed on Wednesday, July 24, 2013. 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 on the Investor Relations page of the website.AptarGroup, Inc. is a leading global supplier of a broad range of innovative dispensing systems for the beauty, personal care, home care, pharmaceutical, food, and beverage markets. AptarGroup is headquartered in Crystal Lake, Illinois, with manufacturing facilities in North America, Europe, Asia and South America. For more information, visit www.aptar.com.