KP Tissue Inc. Declares Dividend for Shareholders
In an exciting development for investors, KP Tissue Inc. (KPT) has made the announcement regarding its quarterly dividend. The company declared a dividend of $0.18 per common share, which reinforces its commitment to providing value to its shareholders.
Dividend Details and Payment Schedule
The payment is scheduled for January 15, 2025, and will be made to those shareholders who hold shares as of December 31, 2024. This dividend declaration supports KP Tissue's strategic direction, ensuring that its shareholders benefit from its financial performance.
Tax Designation for Dividends
The dividends issued are classified as "eligible" dividends according to the Income Tax Act in Canada, which offers beneficial tax treatment for shareholders. This classification allows shareholders to enjoy favorable taxation on their dividends, enhancing the overall appeal of investing in KP Tissue.
Dividend Reinvestment Plan (DRIP)
KP Tissue Inc. also offers a Dividend Reinvestment Plan (DRIP), allowing eligible shareholders to reinvest their cash dividends into additional shares of the company. Under this plan, the dividends will be utilized to purchase new Common Shares at a price equal to the 5-day weighted average trading price prior to the payment date.
Are You Eligible for the DRIP?
Only Canadian shareholders can participate in the DRIP. This limitation encourages local investment and provides shareholders with an opportunity to increase their shareholding in a tax-efficient manner. Interested parties are urged to connect with their brokers to understand the specific details associated with the enrolment process and any deadlines that must be adhered to.
About KP Tissue Inc.
KP Tissue is fundamentally structured to hold a limited partnership interest in Kruger Products Inc., which is recognized as a leader in the tissue products sector. With a notable 12.6% interest in Kruger Products, KP Tissue positions itself as a vital player within the tissue manufacturing industry.
Exploring Kruger Products
Kruger Products is renowned for its high-quality tissue products, which cater to both household and commercial markets. The company boasts a strong portfolio of brands, including Cashmere, Purex, and White Cloud, among others. This wide assortment reflects its capability to meet diverse consumer needs.
Contact Information
For any inquiries regarding the dividend or services offered by KP Tissue, interested parties can reach out to François Paroyan, General Counsel and Corporate Secretary. He can be contacted directly at 905.812.6936 or via email.
Investor Relations
Doris Grbic is the Director of Investor Relations at KP Tissue. She maintains communication with current and potential investors, available for inquiries at 437-882-2596 or through email.
Frequently Asked Questions
What is the dividend amount declared by KP Tissue?
KP Tissue has declared a quarterly dividend of $0.18 per common share.
When will the dividend be paid?
The dividend is scheduled for payment on January 15, 2025.
Who is eligible for the Dividend Reinvestment Plan?
Only Canadian shareholders are eligible to take part in the Dividend Reinvestment Plan.
What is the significance of the dividend designation?
The dividends are designated as "eligible" dividends, which provides beneficial tax treatment under the Income Tax Act in Canada.
Who should I contact for more information about KP Tissue?
François Paroyan, General Counsel, can provide assistance, reachable at 905.812.6936.
