MONTVALE, N.J., Oct. 19, 2016 /PRNewswire/ -- The Board of
Directors of AEP Industries Inc. (Nasdaq: AEPI) (the "Company") has
declared a cash dividend of $0.25 per
common share, payable on November 16,
2016 to stockholders of record on November 1, 2016.
Future dividends to our common stockholders are at the
discretion of the Board of Directors and depend on the cash
available to us, our financial condition, capital and other
liquidity requirements, restrictions in our debt instruments,
applicable law and such other factors as the Board of Directors
deems relevant.
AEP Industries Inc. manufactures, markets, and distributes an
extensive range of flexible plastic packaging products for the
consumer, industrial and agricultural markets. The Company has
manufacturing operations in the United
States and Canada.
Certain statements in this release are forward-looking
statements that are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that do not relate to
historical information or current facts. Forward-looking statements
involve known and unknown risks and uncertainties which may cause
the Company's actual results in future periods to differ materially
from forecasted results. Those risks include, but are not limited
to, disruptions in the global economic and financial market
environment; the Board's discretion to pay future dividends; and
future cash flows, liquidity, contractual and legal restrictions
related thereto. Those and other risks are described in the
Company's annual report on Form 10-K for the fiscal year ended
October 31, 2015 and subsequent
reports filed with the Securities and Exchange Commission (SEC),
copies of which are available from the SEC or may be obtained from
the Company. Except as required by law, the Company assumes no
obligation to update the forward-looking statements, which are made
as of the date hereof, even if new information becomes available in
the future.
Contact: Paul M.
Feeney
Executive Vice President, Finance
and Chief Financial Officer
AEP Industries Inc.
(201) 807-2330
feeneyp@aepinc.com
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SOURCE AEP Industries Inc.