Graphic Packaging Reveals $1.5 Bln Share Repurchase Authorization
(RTTNews) - Graphic Packaging Holding Co. (GPK), a sustainable consumer packaging company, on Thursday announced that its Board of Directors has approved $1.5 billion share repurchase authorization.
The new authorization adds to the previous one from July 27, 2023, which still has $365 million remaining.
The Company's Board of Directors had approved a 10% increase in its quarterly dividend, raising it to $0.11 per share.
In the pre-market trading, Graphic Packaging is 5.10% lesser at $24.02 on the New York Stock Exchange.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.