CRYSTAL LAKE, Ill. - AptarGroup, Inc. (NYSE: NYSE:ATR) announced today a quarterly cash dividend of $0.41 per share, payable on February 22, 2024, to shareholders of record as of February 1, 2024. This declaration continues the company's practice of delivering shareholder value through regular dividends.
AptarGroup is recognized as a global leader in the fields of drug delivery, consumer product dosing, dispensing, and protective technologies. With a workforce of 13,500 employees across 20 countries, Aptar serves various markets, including pharmaceuticals, beauty, food, beverage, personal care, and home care. The company is known for leveraging its expertise and innovation to support major brands worldwide.
InvestingPro Insights
In the context of AptarGroup's commitment to shareholder value, it's worth noting the performance of similar companies in the industry. One such peer, W.P. Carey Inc. (NYSE: WPC), presents an interesting comparison with its own robust financial health. According to real-time data from InvestingPro, W.P. Carey boasts a market capitalization of $14.24 billion and a solid P/E ratio of 17.93, which is relatively low considering its near-term earnings growth. Moreover, the company's revenue has grown by a notable 22.15% over the last twelve months as of Q1 2023, underscoring its sales growth potential that analysts have been anticipating.
InvestingPro Tips for W.P. Carey highlight the company's impressive gross profit margins and its ability to maintain dividend payments for an impressive 26 consecutive years, which aligns with AptarGroup's own practice of regular dividends. W.P. Carey's liquid assets also exceed its short-term obligations, suggesting a strong balance sheet. For investors seeking more comprehensive insights, there are additional InvestingPro Tips available, promising a deeper dive into the company's financial standing and future outlook.
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