Karat Packaging Board Declares Increase in Quarterly Cash Dividend

Rhea-AI Summary

Karat Packaging (Nasdaq: KRT) has announced an increase in its quarterly cash dividend. The company's board of directors approved a regular quarterly dividend of $0.45 per share on common stock, up from the previous $0.40 per share. The dividend will be paid around February 28, 2025, to stockholders of record as of February 24, 2025. Karat Packaging operates as a specialty distributor and manufacturer of disposable foodservice products and related items.

Positive

• Increased quarterly dividend by 12.5% from $0.40 to $0.45 per share
• Demonstrates strong cash flow generation and commitment to shareholder returns

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• None.

CHINO, Calif., Feb. 13, 2025 (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 $0.45 per share on the Company’s common stock, reflecting an increase from the previous quarterly dividend of $0.40 per share.

The dividend is payable on or about February 28, 2025, to the stockholders of record as of February 24, 2025.

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

FAQ

What is Karat Packaging's new quarterly dividend amount for 2025?

Karat Packaging's new quarterly dividend is $0.45 per share, increased from the previous $0.40 per share.

When will KRT pay its increased quarterly dividend?

KRT will pay the quarterly dividend on or about February 28, 2025, to stockholders of record as of February 24, 2025.

What is the percentage increase in KRT's quarterly dividend?

KRT increased its quarterly dividend by 12.5%, from $0.40 to $0.45 per share.

What is the record date for KRT's increased quarterly dividend?

The record date for KRT's increased quarterly dividend is February 24, 2025.