Packaging Dynamics Corporation Declares Cash Dividend
December 01 2005 - 5:02PM
PR Newswire (US)
CHICAGO, Dec. 1 /PRNewswire-FirstCall/ -- Packaging Dynamics
Corporation (NASDAQ:PKDY)(the "Company" or "Packaging Dynamics")
announced that its Board of Directors has approved the payment of a
cash dividend of $0.065 per share of common stock. The dividend
will be paid on January 3, 2006 to shareholders of record as of
December 15, 2005. Packaging Dynamics, headquartered in Chicago,
Illinois, is a flexible packaging company that laminates and
converts paper, film and foil into various value-added flexible
packaging products for the food service, food processing, bakery,
supermarket, deli and concession markets as well as a limited
number of industrial markets. The statements contained in this
press release are forward-looking and are identified by the use of
forward- looking words and phrases, such as "estimates," "plans,"
"expects," "to continue," "subject to," "target" and such other
similar phrases. These forward-looking statements are based on the
current expectations of the company. Because forward-looking
statements involve risks and uncertainties, the company's plans,
actions and actual results could differ materially. Among the
factors that could cause plans, actions and results to differ
materially from current expectations are: (i) changes in consumer
demand and prices resulting in a negative impact on revenues and
margins; (ii) raw material substitutions and increases in the costs
of raw materials, utilities, labor and other supplies; (iii)
increased competition in the company's product lines; (iv) changes
in capital availability or costs; (v) workforce factors such as
strikes or labor interruptions; (vi) the ability of the company and
its subsidiaries to develop new products, identify and execute
capital programs and efficiently integrate acquired businesses;
(vii) the cost of compliance with applicable governmental
regulations and changes in such regulations, including
environmental regulations; (viii) the general political, economic
and competitive conditions in markets and countries where the
company and its subsidiaries operate, including currency
fluctuations and other risks associated with operating in foreign
countries; and (ix) the timing and occurrence (or non-occurrence)
of transactions and events which may be subject to circumstances
beyond the control of the company and its subsidiaries. DATASOURCE:
Packaging Dynamics Corporation CONTACT: Mr. Patrick Chambliss of
Packaging Dynamics Corporation, +1-773-843-8000 Web site:
http://www.pkdy.com/
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