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Nov. 14, 2018, 7:13 a.m. EST

Owens-Illinois announces dividend, more than $300 mln more for stock buybacks

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By Emma Court

Owens-Illinois Inc. /zigman2/quotes/200272047/composite OI -1.00% announced early Wednesday plans for a regular quarterly cash dividend, as well as a $313 million expansion to an existing stock buyback program. The company, which manufactures and supplies glass containers for beverages, will pay a dividend of 5 cents per share on Feb. 12 to shareholders of record on the close of Jan. 22. Owens-Illinois' board also authorized the increase to the share buyback program, bringing the company's remaining buyback authority to about $600 million as of the start of November. The stock was inactive in Wednesday premarket trade. Shares have declined 3.2% over the last three months to $16.76, compared with a 3.5% decline in the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.15% and a 0.4% rise in the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.38% .

/zigman2/quotes/200272047/composite
US : U.S.: NYSE
$ 12.88
-0.13 -1.00%
Volume: 830,168
Jan. 26, 2022 4:00p
P/E Ratio
27.79
Dividend Yield
0.00%
Market Cap
$2.04 billion
Rev. per Employee
$250,600
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/zigman2/quotes/210599714/realtime
US : S&P US
4,349.93
-6.52 -0.15%
Volume: 3.23B
Jan. 26, 2022 5:12p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,168.09
-129.64 -0.38%
Volume: 549.31M
Jan. 26, 2022 5:12p
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