Bemis Company Declares Regular Quarterly Dividend; Increases Share Repurchase Authorization by Eight Million Shares
May 01 2014 - 5:00PM
Business Wire
The Board of Directors of Bemis Company, Inc. (NYSE:BMS) has
declared a regular quarterly dividend of 27 cents per share. The
cash dividend is payable on June 2, 2014, to shareholders of record
at the close of business on May 19, 2014. Bemis has paid an annual
dividend on its common stock since 1922 and has been included in
Standard & Poor's list of Dividend Aristocrats since 2008.
In addition, the Board increased the authorization for
repurchases by eight million shares of Bemis Company stock,
supplementing the current buyback authorization. This approval
enables Bemis to continue to use a portion of its free cash flow to
repurchase shares from time to time through open market purchases,
privately negotiated transactions, accelerated share repurchase
programs, or Rule 10b5-1 plans.
"At Bemis, we are focused on total return to shareholders
through prudent investment of cash flow in growth-oriented capital
investments, acquisitions, dividends, and share repurchases," said
Henry Theisen, Bemis Company President and Chief Executive Officer.
"Today's Board authorization demonstrates our continued confidence
in the ability of our business to generate strong cash flows and to
reach our long-term goals for earnings growth."
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 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
of Investor Relations
Bemis (NYSE:BMS)
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