Pactiv Evergreen Inc. Declares Quarterly Dividend

Rhea-AI Summary

Pactiv Evergreen (NASDAQ: PTVE) has declared a quarterly dividend of $0.10 per share, set to be distributed on December 15, 2022. Shareholders on record as of November 30, 2022 will receive the payment. The company specializes in manufacturing and distributing foodservice products and beverage cartons in North America, operating with around 16,500 employees. Pactiv Evergreen emphasizes the use of recycled and renewable materials in its product range, catering to a wide customer base including restaurants and food retailers.

Positive

• Quarterly dividend of $0.10 per share enhances shareholder income.
• Dividend payment reflects company confidence in financial performance.

Negative

• None.

LAKE FOREST, Ill., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its board of directors has approved the payment of a quarterly dividend of $0.10 per share of common stock. The dividend will be paid on December 15, 2022 to shareholders of record at the close of business on November 30, 2022.

About Pactiv Evergreen Inc. Pactiv Evergreen Inc. (NASDAQ: PTVE) is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. With a team of approximately 16,500 employees, the Company produces a broad range of on-trend and feature-rich products that protect, package and display food and beverages for today’s consumers. Its products, many of which are made with recycled, recyclable or renewable materials, are sold to a diversified mix of customers, including restaurants, foodservice distributors, retailers, food and beverage producers, packers and processors. Learn more at www.pactivevergreen.com.

Contact:
Dhaval Patel
732.501.9657
dhaval.patel@pactivevergreen.com

FAQ

What is the dividend amount declared by Pactiv Evergreen (PTVE)?

Pactiv Evergreen has declared a quarterly dividend of $0.10 per share.

When will the dividend be paid to shareholders of Pactiv Evergreen (PTVE)?

The dividend will be paid on December 15, 2022.

What is the record date for Pactiv Evergreen's dividend payment?

The record date for the dividend payment is November 30, 2022.

How often does Pactiv Evergreen (PTVE) pay dividends?

Pactiv Evergreen typically pays dividends quarterly.

Is the dividend payment from Pactiv Evergreen sustainable?

The sustainability of the dividend depends on the company's ongoing financial performance and cash flow.