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

AptarGroup, Inc. (NYSE:ATR) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.50 per share by the industrial products company on Thursday, December 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date 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% indicating that its dividend is sufficiently covered by earnings. 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 Up 2.8%

Shares of AptarGroup stock opened at $130.78 on Friday. The business has a fifty day simple moving average of $125.79 and a 200 day simple moving average of $126.95. The stock has a market cap of $8.32 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 3.94 and a beta of 0.34. The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. AptarGroup has a 12 month low of $103.23 and a 12 month high of $146.91.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, October 29th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.05. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $980.76 million. AptarGroup had a return on equity of 13.31% and a net margin of 9.22%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 earnings per share. Research analysts predict that AptarGroup will post 5.47 EPS for the current 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.