AptarGroup, Inc., a renowned global leader in drug delivery, consumer product dispensing, and active material science solutions and services, has declared an exciting update for its investors. The company has announced a significant increase in its quarterly cash dividend, reflecting its strong financial position and ongoing growth momentum. This article provides details about the dividend increase, comments from Aptar's President and CEO, and additional information about the upcoming conference call to discuss the company's second-quarter results.

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Dividend Increase Announcement

AptarGroup, Inc. has recently declared a quarterly cash dividend of $0.41 per share, marking an impressive 8% increase from the previous dividend amount. This adjustment raises the new annualized dividend to $1.64 per share, indicating the company's commitment to creating value for its stockholders. The payment date for this dividend is set for August 17, 2023, and it will be disbursed to stockholders of record as of July 27, 2023.

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Comments from Aptar's President and CEO

Stephan Tanda, the President and CEO of AptarGroup, expressed his optimism regarding the company's growth momentum, accelerating performance, and robust financial position. He stated that the Board of Directors approved the dividend increase based on these factors. Tanda also highlighted Aptar's consistent track record, mentioning that the company is on track to achieve its 30th consecutive year of paying an increasing total annual dividend. In 2022 alone, Aptar returned more than $190 million to its stockholders through dividends and share repurchases, further emphasizing its commitment to rewarding its investors.