Karat Packaging Board Declares Increase in Quarterly Cash Dividend
Karat Packaging Inc. announced an increase in its quarterly cash dividend, with the approval of a payment of $0.35 per share on the Company's common stock, up from the previous $0.30 per share.
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Rhea-AI Summary
Karat Packaging Inc. announced an increase in its quarterly cash dividend, with the approval of a payment of $0.35 per share on the Company's common stock, up from the previous $0.30 per share. The dividend will be payable on or about May 24, 2024, to stockholders of record as of May 17, 2024.
Positive
Increased quarterly cash dividend reflects company's strong financial position
Negative
- None.
Details
News Market Reaction – KRT
The recorded move for KRT in the trading session of this news was +2.51%.
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CHINO, Calif., May 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 approved the payment of a regular quarterly dividend of
The dividend is payable on or about May 24, 2024, to the stockholders of record at the close of business on May 17, 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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