CROWN HOLDINGS INC
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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Sep 30, 2024 · Filed Nov 1, 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. 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. The Company repurchased $117 of its shares during the nine months ended September 30, 2024, including $107 from the Canadian and U.S. pension plans in conjunction with the partial settlements of their pension obligations.
For the three months and nine months ended September 30, 2024 and 2023, the Company declared and paid cash dividends of $0.25 per share and $0.75 per share and $0.24 per share and $0.72 per share, respectively. Additionally, on October 24, 2024, the Company's Board of Directors declared a dividend of $0.25 per share payable on November 27, 2024 to shareholders of record as of November 14, 2024.
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