Karat Packaging Board Declares Increase in Quarterly Cash Dividend
Karat Packaging (Nasdaq: KRT) announced its board of directors has approved an increased quarterly cash dividend of $0.40 per share, up from the previous $0.35 per share. The dividend will be paid around November 29, 2024, to stockholders of record as of November 20, 2024. Karat Packaging operates as a specialty distributor and manufacturer of disposable foodservice products and related items.
Karat Packaging (Nasdaq: KRT) ha annunciato che il suo consiglio di amministrazione ha approvato un incremento del dividendo in contante trimestrale a $0,40 per azione, rispetto ai precedenti $0,35 per azione. Il dividendo sarà pagato intorno al 29 novembre 2024, agli azionisti registrati al 20 novembre 2024. Karat Packaging opera come distributore e produttore specializzato di prodotti usa e getta per il servizio alimentare e articoli correlati.
Karat Packaging (Nasdaq: KRT) anunció que su junta directiva ha aprobado un aumento del dividendo en efectivo trimestral a $0.40 por acción, en comparación con los $0.35 por acción anteriores. El dividendo se pagará alrededor del 29 de noviembre de 2024, a los accionistas registrados hasta el 20 de noviembre de 2024. Karat Packaging opera como un distribuidor y fabricante especializado de productos desechables para el servicio de alimentos y artículos relacionados.
카라트 포장 (Nasdaq: KRT)은 이사회가 분기 현금 배당금을 주당 $0.40으로 인상하기로 승인했으며, 이는 이전의 주당 $0.35에서 증가한 것입니다. 배당금은 2024년 11월 29일경에 지급되며, 2024년 11월 20일 기준으로 등록된 주주들에게 지급됩니다. 카라트 포장은 일회용 푸드 서비스 제품 및 관련 물품의 전문 유통업체이자 제조업체로 운영됩니다.
Karat Packaging (Nasdaq: KRT) a annoncé que son conseil d'administration a approuvé une augmentation du dividende en espèces trimestriel à 0,40 $ par action, contre 0,35 $ par action précédemment. Le dividende sera versé aux alentours du 29 novembre 2024, aux actionnaires enregistrés au 20 novembre 2024. Karat Packaging opère en tant que distributeur et fabricant spécialisé de produits alimentaires jetables et d'articles connexes.
Karat Packaging (Nasdaq: KRT) hat angekündigt, dass der Vorstand eine Erhöhung der vierteljährlichen Bargelddividende auf $0,40 pro Aktie genehmigt hat, verglichen mit den vorherigen $0,35 pro Aktie. Die Dividende wird ungefähr am 29. November 2024 an die zum 20. November 2024 registrierten Aktionäre ausgezahlt. Karat Packaging fungiert als Spezialvertriebs- und Hersteller von Einweg-Lebensmittelprodukten und verwandten Artikeln.
- Increased quarterly dividend by 14.3% from $0.35 to $0.40 per share
- Demonstrates company's strong cash flow position and commitment to shareholder returns
- None.
CHINO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors approved the payment of a regular quarterly dividend of
The dividend is payable on or about November 29, 2024, to the stockholders of record as of November 20, 2024.
About Karat Packaging Inc.
Karat Packaging Inc. is a specialty distributor and manufacturer of a wide range of disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings throughout the United States. Its products include food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products. The company’s eco-friendly Karat Earth® line offers quality, sustainably focused products that are made from renewable resources. Karat Packaging also offers customized solutions, including new product development and design, printing, and logistics services. To learn more about Karat Packaging, please visit the company’s website at www.karatpackaging.com.
Investor Relations and Media Contacts:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
IR@karatpackaging.com
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