Karat Packaging Board Approves Regular Dividend for Shareholders
Karat Packaging Board Approves Regular Dividend for Shareholders
CHINO, Calif. — Karat Packaging Inc. (Nasdaq: KRT), a leading player in the distribution and manufacture of disposable foodservice products, has made an important announcement regarding its financial commitments. Recently, the board of directors has approved a quarterly cash dividend set at $0.45 per share for their common stock. This initiative demonstrates Karat's ongoing commitment to providing value to its shareholders.
Dividend Details and Dates
The newly declared dividend will be paid to stockholders on or around May 23, making it an exciting opportunity for investors who hold shares as of the record date, established as May 16. Such regular payouts highlight the financial health and sustainability of Karat Packaging, providing confidence to current and potential investors.
The Growing Business of Karat Packaging
Karat Packaging Inc. offers an extensive portfolio of disposable foodservice items aimed primarily at restaurants and foodservice providers across the country. The product range includes essential items such as food containers, take-out bags, tableware, cups, lids, cutlery, straws, and an assortment of specialty beverage ingredients. Not only does the company cater to diverse offerings, but it also emphasizes sustainability through its eco-friendly Karat Earth line.
Sustainability Efforts and Innovations
Karat Earth Line
In line with current environmental trends, Karat's eco-friendly product line focuses on sustainability and renewable resources. This effort allows restaurants and foodservice establishments to meet customer demand for greener alternatives without sacrificing quality or functionality. With increased awareness around environmental issues, Karat’s initiatives demonstrate a proactive approach to current market demands.
Customized Solutions for Businesses
Beyond its wide array of basic products, Karat Packaging also provides tailored solutions for their clients. This includes new product development and design, printing services, and logistics support, ensuring that businesses can thrive with innovative offerings designed to cater to their specific needs. This comprehensive service approach sets Karat apart as not just a supplier, but a partner in enhancing foodservice operations.
Investor Relations and Contact Information
For those interested in the latest information about Karat Packaging, the company has dedicated investor relations. Investors looking for more in-depth information are encouraged to reach out via their contact point for investors at PondelWilkinson Inc. You can contact Judy Lin or Roger Pondel at 310-279-5980 or reach them via email for inquiries. Maintaining open lines of communication helps foster a strong relationship between the company and its shareholders.
Frequently Asked Questions
What amount is the declared dividend per share by Karat Packaging?
The board has declared a quarterly cash dividend of $0.45 per share.
When is the dividend payment expected to be made?
The dividend is scheduled to be paid on or about May 23.
Who qualifies for the dividend payment from Karat Packaging?
Only stockholders of record as of May 16 are eligible for the dividend payment.
What types of products does Karat Packaging offer?
Karat Packaging specializes in disposable foodservice products including containers, tableware, and eco-friendly items.
How can investors get in touch with Karat Packaging's investor relations?
Investors can contact PondelWilkinson Inc. via phone at 310-279-5980 for investor inquiries.
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