CROWN HOLDINGS INC
For the period ended Jun 30, 2024. Filed Jul 29, 2024.
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Jun 30, 2024 · Filed Jul 29, 2024
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N. Capital Stock
On July 25, 2024, the Company's Board of Directors authorized the repurchase of an aggregate amount of $2,000 of the Company's common stock through the end of 2027. The new authorization supersedes the previous authorization announced in December 2021, which authorized the repurchase of an aggregate amount of $3,000 of Company common stock through the end of 2024. As of June 30, 2024, the Company had remaining Board authorization to repurchase $2,300 of the Company's common stock under the December 2021 program. Share repurchases under the Company's 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.
For the three months and six months ended June 30, 2024 and 2023, the Company declared and paid cash dividends of $0.25 per share and $0.50 per share and $0.24 per share and $0.48 per share, respectively. Additionally, on July 25, 2024, the Company's Board of Directors declared a dividend of $0.25 per share payable on August 29, 2024 to shareholders of record as of August 15, 2024.
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