Bemis Announces 29th Consecutive Annual Cash Dividend Increase
Source: Bemis Company, Inc.
NEENAH, WISCONSIN, February 2, 2012 -- Bemis Company, Inc. (NYSE: BMS) announced today that its Board of Directors has approved a 4.2 percent increase in the quarterly cash dividend, increasing it to 25 cents per share compared to the previous quarterly dividend of 24 cents per share. The cash dividend is payable on March 1, 2012, to shareholders of record at the close of business on February 15, 2012. This marks the 29th 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 S&P’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. “The fact that our annual cash dividend has increased consecutively for 29 years demonstrates our consistent confidence in Bemis’ future growth and expectations for continued strong cash flow.”
ABOUT BEMIS COMPANY, INC.
Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, and healthcare companies worldwide. Founded in 1858, the Company is included in the S&P 500 index of stocks and reported 2011 net sales of $5.3 billion. The Company’s flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs approximately 20,000 individuals worldwide. More information about the Company is available at www.bemis.com.
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