Aramark To Repurchase Up To $500 Mln Of Shares, Lifts Dividend; Expects Growth In 2025 Results

Aramark

35.83 CHF -0.57%

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Kaufen / Verkaufen

(RTTNews) - Aramark (ARMK), a food and facilities services provider, on Monday announced that its Board has authorized a new share repurchase of up to $500 million of shares.

The Board has approved an 11 percent increase in quarterly dividend. The dividend of $0.105 cents per share will be payable on December 12, to stockholders on record December 2.

Looking ahead to the full-year 2025, the company expects adjusted income per share growth of 23 percent to 28 percent, with organic revenue growth of 7.5 percent to 9.5 percent.

For the full-year 2024, Aramark has registered adjusted income per share of $1.55, on organic revenue of $17.401 billion.

ARMK was up by 7.13 percent at $41.90 in the pre-market trade on the New York Stock Exchange.