embecta Announces Quarterly Cash Dividend

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

embecta (Nasdaq: EMBC) has announced a quarterly cash dividend of $0.15 per share for its common stock. The dividend will be paid on September 13, 2024 to stockholders of record as of the close of business on August 27, 2024. This decision, made by embecta's Board of Directors, demonstrates the company's commitment to providing regular returns to its shareholders. The announcement reflects embecta's financial stability and confidence in its ability to generate consistent cash flow to support dividend payments.

Positive

Consistent dividend payment indicates financial stability
Quarterly dividend of $0.15 per share provides regular income for shareholders

Negative

None.

News Market Reaction 1 Alert

+7.32% News Effect

On the day this news was published, EMBC gained 7.32%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

08/09/2024 - 06:00 AM

PARSIPPANY, N.J., Aug. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Embecta Corp. (“embecta”) (Nasdaq: EMBC) has declared a quarterly cash dividend of $0.15 for each issued and outstanding share of the Company’s common stock. The dividend is payable on September 13, 2024 to stockholders of record at the close of business on August 27, 2024.

About embecta
embecta is a global diabetes care company that is leveraging its 100-year legacy in insulin delivery to empower people with diabetes to live their best life through innovative solutions, partnerships and the passion of more than 2,000 employees around the globe. For more information, visit embecta.com or follow our social channels on LinkedIn, Facebook, Instagram and Twitter.

Contacts:
Media Christian Glazar Sr. Director, Corporate Communications 908-821-6922 Contact Media Relations	Investors Pravesh Khandelwal VP, Head of Investor Relations 551-264-6547 Contact IR