AptarGroup hikes dividend by 5.6%

AptarGroup (ATR) will raise its quarterly dividend by 5.6 percent to $0.38 per share in 2021. This follows a dividend hike of 5.9 percent to $0.36 per share in 2019. The company has now raised its annual dividend for 28 years based on annual dividend hikes in each calendar year.

The next dividend will be paid on May 19, 2021, to stockholders of record as of April 28, 2021. A new annual rate of $1.52 per share yields 1.0% at a stock price of $150.

Stephan Tanda, Aptar President and CEO, commented, “One element of Aptar’s compounding growth story is our dividend program. 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. By executing on our balanced capital allocation strategy and investing in new technologies and capacity, while we strengthen our competitive position through complementary acquisitions and partnerships, Aptar has grown and achieved a Total Shareholder Return of 102% over the past five years. This return has exceeded the returns of our Peer Group and the S&P Midcap 400.”

AptarGroup is a global supplier of dispensing, sealing and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. The company's primary products are dispensing pumps, closures, aerosol valves and elastomeric primary packaging components. Aptar has manufacturing facilities located throughout the world including North America, Europe, Asia and South America. The company's business was started in the late 1940’s, manufacturing and selling aerosol valves in the United States. Aptar was incorporated in Delaware in 1992 and has paid a dividend every year since 1993.

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