Crown Holdings, Inc. Buyback
OLI recorded this information on 2/25/2021
Crown Holdings, Inc.
Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of 20 cents per share payable March 25, 2021 to shareholders of record as of March 11, 2021. Crown's Board of Directors also authorized the repurchase of an aggregate amount of up to $1.5 billion of Company common stock through the end of 2023. The new authorization reflects the Company's strong balance sheet and cash from operations, allowing investment in the business and return of cash to its shareholders. Stock repurchases under this program may be made in the open market or through privately negotiated transactions, and at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions.
Crown Holdings is engaged in the design, manufacture and sale of packaging products and equipment for consumer goods and industrial products. Co.'s packaging for consumer goods include steel and aluminum cans for food, beverage, household and other consumer products, glass bottles for beverage products, metal vacuum closures and steel crowns. Co.'s packaging for industrial products includes steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment. Co.'s products include the SuperEnd® and 360 End beverage can ends, its Easylift aperture steel food can ends, and PeelSeam and PeelFit aluminum foil laminated ends.
CCK SEC Filing Email Alerts Service
Open the CCK Page at The Online Investor »
Strong Buy (3.75 out of 4)