Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
Karat Packaging (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products, has announced two dividend payments. The company's board of directors has approved a regular quarterly cash dividend of $0.35 per share and a special cash dividend of $0.15 per share. Both dividends will be payable on August 30, 2024, to shareholders of record as of August 21, 2024.
CEO Alan Yu stated that these distributions reflect Karat's strong cash position and positive long-term outlook. The board remains committed to providing returns to shareholders and continually assessing opportunities to enhance shareholder value.
Karat Packaging (Nasdaq: KRT), un distributore e produttore specializzato di prodotti monouso per il settore della ristorazione, ha annunciato due pagamenti di dividendi. Il consiglio di amministrazione della società ha approvato un dividendo in contante trimestrale regolare di $0.35 per azione e un dividendo in contante speciale di $0.15 per azione. Entrambi i dividendi saranno pagabili il 30 agosto 2024, agli azionisti registrati al 21 agosto 2024.
Il CEO Alan Yu ha dichiarato che queste distribuzioni riflettono la forte posizione di liquidità e il positivo outlook a lungo termine di Karat. Il consiglio rimane impegnato a fornire ritorni agli azionisti e a valutare continuamente opportunità per aumentare il valore per gli azionisti.
Karat Packaging (Nasdaq: KRT), un distribuidor y fabricante especializado en productos desechables para el servicio de alimentos, ha anunciado dos pagos de dividendos. La junta directiva de la empresa ha aprobado un dividendo en efectivo trimestral regular de $0.35 por acción y un dividendo en efectivo especial de $0.15 por acción. Ambos dividendos se pagarán el 30 de agosto de 2024, a los accionistas registrados hasta el 21 de agosto de 2024.
El CEO Alan Yu afirmó que estas distribuciones reflejan la fuerte posición de liquidez y el positivo pronóstico a largo plazo de Karat. La junta se compromete a proporcionar retornos a los accionistas y a evaluar continuamente oportunidades para mejorar el valor para los accionistas.
Karat Packaging(Nasdaq: KRT)는 일회용 식음료 제품의 전문 유통업체이자 제조업체로서 두 가지 배당금 지급을 발표했습니다. 회사의 이사회는 주당 $0.35의 정기 분기 현금 배당금과 주당 $0.15의 특별 현금 배당금을 승인했습니다. 두 배당금은 2024년 8월 30일에 지급되며, 2024년 8월 21일 기준 주주에게 지급됩니다.
CEO Alan Yu는 이러한 배당금이 Karat의 강력한 현금 보유와 긍정적인 장기 전망을 반영한다고 언급했습니다. 이사회는 주주에게 수익을 제공하고 주주 가치를 향상시키기 위한 기회를 지속적으로 평가하는 데 전념하고 있습니다.
Karat Packaging (Nasdaq : KRT), un distributeur et fabricant spécialisé de produits alimentaires jetables, a annoncé deux paiements de dividendes. Le conseil d'administration de l'entreprise a approuvé un dividende en espèces trimestriel régulier de 0,35 $ par action et un dividende en espèces spécial de 0,15 $ par action. Les deux dividendes seront payables le 30 août 2024, aux actionnaires inscrits au 21 août 2024.
Le PDG Alan Yu a déclaré que ces distributions reflètent la forte position de liquidités et la perspective à long terme positive de Karat. Le conseil reste engagé à offrir des retours aux actionnaires et à évaluer en permanence les opportunités d'augmenter la valeur pour les actionnaires.
Karat Packaging (Nasdaq: KRT), ein spezialisierter Distributor und Hersteller von Einweg-Verpackungsprodukten für die Gastronomie, hat zwei Dividendenauszahlungen angekündigt. Der Verwaltungsrat des Unternehmens hat eine reguläre vierteljährliche Barauszahlung von $0,35 pro Aktie und eine sonstige Barauszahlung von $0,15 pro Aktie genehmigt. Beide Dividenden werden am 30. August 2024 an die Aktionäre ausgezahlt, die am 21. August 2024 registriert sind.
CEO Alan Yu erklärte, dass diese Ausschüttungen die starke Liquiditätslage und die positiven langfristigen Aussichten von Karat widerspiegeln. Der Vorstand bleibt verpflichtet, den Aktionären Renditen zu bieten und kontinuierlich Chancen zur Steigerung des Aktionärswertes zu prüfen.
- Declaration of a regular quarterly cash dividend of $0.35 per share
- Additional special cash dividend of $0.15 per share
- Strong cash position indicated by the company
- Positive long-term outlook expressed by management
- None.
CHINO, Calif., Aug. 07, 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 has approved payment of a regular quarterly cash dividend of
Both dividends are payable on or about August 30, 2024, to shareholders of record at the close of business on August 21, 2024.
“These distributions reflect Karat’s strong cash position and positive long-term outlook,” said Alan Yu, chief executive officer. “Our board remains committed to providing returns to our shareholders and to continually assess opportunities to enhance shareholder value.”
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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