AptarGroup, Inc. (ATR) Posts Q2 EPS of $0.67, Beats by 4c; Increases Quarterly Dividend to $0.18; Guides Q3 EPS

AptarGroup, Inc. (NYSE: ATR) reports Q2 EPS of $0.67, 4 cents better than the analyst estimate of $0.63. Revenue for the quarter was $522.9 million, which compares to the estimate of $493.99 million. Sees Q3 EPS of $0.61 - $0.66, compared to the consensus of $0.61. The Board of Directors increased the quarterly dividend by 20% to $0.18 per share, payable August 24, 2010 to shareholders of record as of August 3, 2010. The ex-dividend date is July 30, 2010. Yield on the dividend is 1.8%. The increase brings the annual dividend rate to $.72 per share up from $.60 per share. During the quarter, the Company repurchased approximately 600,000 shares of common stock for approximately $25 million, leaving approximately 2.9 million shares authorized for repurchase at the end of the second quarter.... Read more

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