Jefferies On BLL: Unlocking Shareholder Value with Buybacks and Dividends

Ball Corporation BLL announced a 2-for-1 stock split, with the distribution date scheduled for February 15th, Jefferies reports. “Additionally, the company will be increasing its dividend by 40% ($0.07 / share) and announced a share repurchase program up to 20 mil post-split shares (11.4% of shares),” Jefferies writes. “Absent an acquisition, Ball continues to prove it is willing to return the majority of its excess cash to shareholders, supporting our bullish thesis on the stock.” Jefferies adds, “We believe Ball is one of the best managed companies in the group, with the company continuing to show good discipline in managing supply and unlocking value by returning cash to shareholders and making smart acquisitions.” Ball Corporation currently trades at $70.90.