Ball Corporation's Board of Directors authorized a new share repurchase program of up to $4 billion of its common stock on January 29, 2025. This new authorization replaces all previous repurchase authorizations, signaling a significant commitment to returning capital to shareholders.
The company also declared a cash dividend of $0.20 per share, payable on March 17, 2025, to shareholders of record as of March 3, 2025. This consistent dividend payment, combined with the substantial new buyback program, underscores management's confidence in Ball's financial position.
Howard Yu, Executive Vice President and Chief Financial Officer, stated that the increased share repurchase authorization will enable the company's ongoing multi-year return of capital to shareholders. This move is expected to enhance shareholder value by reducing the number of outstanding shares.
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