Bemis Company Announces 30th Consecutive Annual Dividend Increase
Bemis Company (NYSE: BMS) announced today that its Board of Directors has approved a 4 percent increase in the quarterly cash dividend, increasing it to 26 cents per share compared to the previous quarterly dividend of 25 cents per share. The cash dividend is payable on March 1, 2013, to shareholders of record at the close of business on February 19, 2013. This marks the 30th consecutive year that the Company has increased its dividend payment. Bemis has been paying an annual dividend on its stock since 1922 and has been included in Standard & Poor's list of Dividend Aristocrats since 2008.
"Our dividend program is an important part of our shareholders' total return on investment in Bemis Company," said Henry Theisen, Bemis Company's President and Chief Executive Officer. "This is our 30th consecutive annual dividend increase, reflecting the confidence of our Board of Directors in our ability to continue to generate strong cash flow into the future and achieve our long-term earnings per share growth targets."
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.