Bemis Company Announces 31st Consecutive Annual Dividend Increase
February 06 2014 - 4:03PM
Business Wire
Bemis Company, Inc. (NYSE: BMS) announced today that its Board
of Directors has approved a 4 percent increase in the quarterly
cash dividend, increasing it to 27 cents per share compared to the
previous quarterly dividend of 26 cents per share. The cash
dividend is payable on March 3, 2014, to shareholders of record at
the close of business on February 18, 2014. This marks the 31st
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 Chairman and Chief Executive Officer. "Our annual
cash dividend has increased consecutively for 31 years,
demonstrating our consistent confidence in Bemis' future growth and
expectations for continued strong cash flow."
FORWARD LOOKING STATEMENTSStatements in this release that
are not historical, including statements relating to the expected
future performance of the Company, are considered “forward-looking”
and are presented pursuant to the safe harbor provisions of the
Securities Litigation Reform Act of 1995. Such content is subject
to certain risks and uncertainties, including but not limited to
consumer buying patterns, foreign currency fluctuations, changes in
working capital requirements, changes in government regulations,
and the availability and related cost of financing from banks and
capital markets. Actual future results and trends may differ
materially from historical results or those projected in any such
forward-looking statements depending on a variety of factors which
are detailed in the Company's regular SEC filings including the
most recently filed Form 10-K for the year ended December 31,
2012.
ABOUT BEMIS COMPANY, INC.Bemis Company, Inc. is a major
supplier of packaging and pressure sensitive materials used by
leading food, consumer products, healthcare, and other companies
worldwide. Founded in 1858, Bemis Company is included in the
S&P 500 index of stocks and reported 2013 net sales of $5.0
billion. Bemis has a strong technical base in polymer chemistry,
film extrusion, coating and laminating, printing, and converting.
Headquartered in Neenah, Wisconsin, Bemis employs approximately
19,000 individuals worldwide. More information about Bemis is
available at our website, www.bemis.com.
Bemis Company, Inc.Erin M. Winters, 920-527-5288Director,
Investor RelationsorMelanie E. R. Miller, 920-527-5045Vice
President and Treasurer
Bemis (NYSE:BMS)
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