Bemis Company Announces 34th Consecutive Annual Dividend Increase
February 09 2017 - 6:00AM
Business Wire
Bemis Company, Inc. (NYSE: BMS) announced today that its Board
of Directors has approved a 3.4 percent increase in the quarterly
cash dividend, increasing it to 30 cents per share compared to the
previous quarterly dividend of 29 cents per share. The cash
dividend is payable on March 1, 2017, to shareholders of record at
the close of business on February 21, 2017. This marks the 34th
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 William F.
Austen, Bemis Company's President and Chief Executive Officer. "Our
annual cash dividend has increased consecutively for 34 years,
reflecting our confidence in our ability to generate strong cash
flow and future growth."
FORWARD-LOOKING STATEMENTS
Statements 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 general economic
conditions, future changes in cost or availability of raw
materials, our ability to adjust selling prices, consumer buying
patterns, changes in customer order patterns, the results of
competitive bid processes, costs associated with divestitures or
the pursuit of business combinations, plant closures, a failure in
our information technology infrastructure or applications, 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, 2015.
ABOUT BEMIS COMPANY, INC.
Bemis Company, Inc. (“Bemis” or the “Company”) is a major
supplier of flexible packaging used by leading food, consumer
products, healthcare, and other companies worldwide. Founded in
1858, Bemis reported 2016 net sales from continuing operations of
$4.0 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 17,500 individuals worldwide. More information about
Bemis is available at our website, www.bemis.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170209005231/en/
Bemis Company Inc.Erin M. Winters, 920-527-5288Director
of Investor Relations
Bemis (NYSE:BMS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bemis (NYSE:BMS)
Historical Stock Chart
From Apr 2023 to Apr 2024