Aptar raises quarterly dividend
CRYSTAL LAKE - AptarGroup Inc., a drug delivery, consumer product dispensing and material science solutions company, Friday declared a quarterly cash dividend of 38 cents per share, which is an increase of about 6% from its previous dividend amount.
"In 2020, we returned $93 million dollars to shareholders and with this current increase, we are on track for our 28th consecutive year of paying an increased annual dividend," said Stephan Tanda, Aptar president and CEO.
Aptar has grown and achieved a total shareholder return of 102% over the past five years, he said, adding this return exceeds the returns of industry peers and the S&P Midcap 400.
Tanda said the dividends are a result of the company executing its balanced capital allocation strategy while investing in new technologies and capacity.
Aptar designs and manufactures solutions and services for a variety of end markets, including pharmaceutical, beauty, personal care, home, food and beverage.