Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Bemis Company Declares Regular Quarterly Dividend - Ink World Magazine

What are you searching for?

Sign in
Industry News, Printers News

Bemis Company Declares Regular Quarterly Dividend

Increases share repurchase authorization by eight million shares

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

The Board of Directors of Bemis Company, Inc. has declared a regular quarterly dividend of 27 cents per share. The cash dividend is payable on June 2, 2014, to shareholders of record at the close of business on May 19, 2014. Bemis has paid an annual dividend on its common stock since 1922 and has been included in Standard & Poor’s list of Dividend Aristocrats since 2008.
 
In addition, the Board increased the authorization for repurchases by eight million shares of Bemis Company stock, supplementing the current buyback authorization. This approval enables Bemis to continue to use a portion of its free cash flow to repurchase shares from time to time through open market purchases, privately negotiated transactions, accelerated share repurchase programs, or Rule 10b5-1 plans.
 
“At Bemis, we are focused on total return to shareholders through prudent investment of cash flow in growth-oriented capital investments, acquisitions, dividends, and share repurchases,” said Henry Theisen, Bemis Company president and CEO. “Today’s Board authorization demonstrates our continued confidence in the ability of our business to generate strong cash flows and to reach our long-term goals for earnings growth.”

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters