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CRYSTAL LAKE, Ill. – AptarGroup, Inc. (NYSE:NYSE:) today announced a quarterly cash dividend of $0.41 per share, payable on February 22, 2024, to shareholders of record as of February 1, 2024. This statement continues the practice of deliver value to shareholders through regular dividends.
AptarGroup is recognized as a global leader in the fields of drug delivery, consumer product dosing, dispensing and protection 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 leading brands around the world.
InvestingPro Insights
In the context of AptarGroup's commitment to shareholder value, the performance of similar companies in the industry is worth highlighting. One such peer, WP Carey Inc. (NYSE: WPC), presents an interesting comparison with its strong financial health. According to real-time data from InvestingPro, WP Carey has a market capitalization of $14.24 billion and a strong P/E ratio of 17.93, which is relatively low considering its near-term earnings growth. Furthermore, the company's revenue has grown a remarkable 22.15% in the trailing twelve months to the first quarter of 2023, underscoring the sales growth potential that analysts had been anticipating.
InvestingPro's advice for WP Carey highlights the company's impressive gross profit margins and its ability to maintain dividend payments for 26 consecutive years, which aligns with AptarGroup's own practice of regular dividends. WP Carey's liquid assets also exceed its short-term liabilities, suggesting a strong balance sheet. For investors looking for more comprehensive information, additional InvestingPro tips are available that promise a deeper dive into the company's financial condition and future prospects.
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