WESTMINSTER, Colo.,
July 28, 2021 /PRNewswire/ -- Ball
Corporation's (NYSE: BLL) board of directors today declared a
33% increase in the quarterly cash dividend. Following the
increase, a cash dividend of 20 cents
per share will be payable September 15,
2021 to shareholders of record as of September 1, 2021.
"Today's dividend increase, our 2021 stock repurchase program of
at least $500 million and ability to
execute ongoing EVA-enhancing growth capital investments represent
our commitment to shareholder value creation, and reflects
management's expectations of significant cash from operations and
earnings improvement in 2021 and beyond," said Scott C
Morrison, executive vice president and chief financial officer.
"The company's share repurchase authorization is approximately 35
million shares, and we look forward to returning even more value to
shareholders via dividends and share repurchases in the years
ahead."
Ball will announce its second quarter 2021 earnings on
Thursday, August 5, 2021. Conference
call details are below.
About Ball Corporation
Ball Corporation
supplies innovative, sustainable aluminum packaging solutions for
beverage, personal care and household products customers, as well
as aerospace and other technologies and services primarily for the
U.S. government. Ball Corporation and its subsidiaries employ
21,500 people worldwide and reported 2020 net sales of $11.8 billion. For more information, visit
www.ball.com, or connect with us on Facebook or Twitter.
Conference Call Details
Ball Corporation (NYSE:
BLL) will hold its second quarter 2021 earnings call on August
5, 2021, at 9 a.m. Mountain time
(11 a.m. Eastern). The North American
toll-free number for the call is 877-276-0901. International
callers should dial 212-231-2909. Please use the following URL for
a webcast of the live call:
https://edge.media-server.com/mmc/p/oygjyhce
For those unable to listen to the live call, a taped replay will
be available from 11 a.m. Mountain
time on August 5, 2021, until
11 a.m. Mountain time on August 12, 2021. To access the replay, call
800-633-8284 (North American callers) or 402-977-9140
(international callers) and use reservation number 21995645. A
written transcript of the call will be posted within 48 hours of
the call's conclusion to Ball's website at www.ball.com/investors
under "news and presentations."
Forward-Looking Statements
This release contains
"forward-looking" statements concerning future events and financial
performance. Words such as "expects," "anticipates," "estimates,"
"believes," and similar expressions typically identify
forward-looking statements, which are generally any statements
other than statements of historical fact. Such statements are based
on current expectations or views of the future and are subject to
risks and uncertainties, which could cause actual results or events
to differ materially from those expressed or implied. You should
therefore not place undue reliance upon any forward-looking
statements and any such statements should be read in conjunction
with, and qualified in their entirety by, the cautionary statements
referenced below. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Key factors,
risks and uncertainties that could cause actual outcomes and
results to be different are summarized in filings with the
Securities and Exchange Commission, including Exhibit 99 in our
Form 10-K, which are available on our website and at www.sec.gov.
Additional factors that might affect: a) our packaging segments
include product capacity, supply, and demand constraints and
fluctuations and changes in consumption patterns; availability/cost
of raw materials, equipment, and logistics; competitive packaging,
pricing and substitution; changes in climate and weather; footprint
adjustments and other manufacturing changes, including the startup
of new facilities and lines; failure to achieve synergies,
productivity improvements or cost reductions; unfavorable mandatory
deposit or packaging laws; customer and supplier consolidation;
power and supply chain interruptions; changes in major customer or
supplier contracts or loss of a major customer or supplier;
political instability and sanctions; currency controls; changes in
foreign exchange or tax rates; and tariffs, trade actions, or other
governmental actions, including business restrictions and
shelter-in-place orders in any country or jurisdiction affecting
goods produced by us or in our supply chain, including imported raw
materials; b) our aerospace segment include funding, authorization,
availability and returns of government and commercial contracts;
and delays, extensions and technical uncertainties affecting
segment contracts; c) the Company as a whole include those listed
above plus: the extent to which sustainability-related
opportunities arise and can be capitalized upon; changes in senior
management, succession, and the ability to attract and retain
skilled labor; regulatory actions or issues including those related
to tax, ESG reporting, competition, environmental, health and
workplace safety, including U.S. FDA and other actions or public
concerns affecting products filled in our containers, or chemicals
or substances used in raw materials or in the manufacturing
process; technological developments and innovations; the ability to
manage cyber threats; litigation; strikes; disease; pandemic; labor
cost changes; rates of return on assets of the Company's defined
benefit retirement plans; pension changes; uncertainties
surrounding geopolitical events and governmental policies both in
the U.S. and in other countries, including policies, orders, and
actions related to COVID-19; reduced cash flow; interest rates
affecting our debt; and successful or unsuccessful joint ventures,
acquisitions and divestitures, and their effects on our operating
results and business generally.
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SOURCE Ball Corporation