KP Tissue Inc. Declares Quarterly Dividend
KP Tissue Inc. (KPT) is excited to announce that its Board of Directors has declared a quarterly dividend of $0.18 per common share. This signifies a commitment to delivering value to shareholders and showcases the company's ongoing efforts to enhance shareholder returns. The dividend is set to be paid, demonstrating the company's financial stability, and will be distributed on April 15, 2025, to shareholders who are recorded as of the close of business on March 31, 2025.
Understanding Eligible Dividends
The dividends being issued are marked as "eligible" dividends according to the Income Tax Act (Canada) and related provincial tax laws. This classification offers tax benefits to Canadian shareholders, making it an appealing proposition for investors looking to maximize their returns. It reflects KP Tissue's commitment to ensuring that shareholders benefit appropriately from their investments.
Dividend Reinvestment Plan
KP Tissue also offers a Dividend Reinvestment Plan (DRIP) designed to allow eligible shareholders the opportunity to reinvest their cash dividends back into additional shares of KPT. This plan offers convenience and the potential for increased share ownership over time, all while leveraging the company's strong market position. Under the plan, dividends are invested into new common shares at a price equivalent to the weighted average trading price over the preceding five days prior to the payment date.
Eligibility for the DRIP
It is worth noting that only Canadian shareholders can participate in the DRIP, reflecting a focused approach to enhancing shareholder engagement in the domestic market. Interested shareholders are encouraged to discuss their eligibility with their broker or financial institution and should review the terms of the plan carefully to ensure they meet any requirements or deadlines imposed by their brokers.
About KP Tissue Inc.
KP Tissue Inc. primarily exists to own a limited equity interest in Kruger Products Inc. The company currently holds a 12.5% interest in Kruger Products, a leading manufacturer of quality tissue products in Canada and the U.S. KP Tissue's structure allows it to derive financial benefits while focusing on managing its investment efficiently.
Kruger Products: A Leader in Tissue Manufacturing
Kruger Products is recognized as Canada’s foremost manufacturer of tissue products catering to both household and commercial needs. With a solid reputation for quality, it offers popular brands such as Cashmere, Purex, and SpongeTowels. Furthermore, they operate a successful division that manufactures products for the Away-From-Home sector, solidifying their position in the market. The company operates multiple certified production facilities across North America, employing around 3,000 people, which highlights its role as a significant contributor to the economy.
Contact Information for Shareholders
For any inquiries related to the dividend, interested parties can reach out to François Paroyan, General Counsel and Corporate Secretary, at KP Tissue Inc. He can be contacted at 905-812-6936 or via email.
Investor Relations Contact
Doris Grbic, Director of Investor Relations, is also available to address questions from investors regarding the company's performance and future outlook. She can be reached at 437-882-2596, ensuring that stakeholder communication remains a priority.
Frequently Asked Questions
What is the amount of the declared dividend?
The board has announced a quarterly dividend of $0.18 per common share.
When will the dividend be paid?
The dividend is scheduled to be paid on April 15, 2025.
Who qualifies for the dividend?
Shareholders who are on record as of March 31, 2025, are eligible for the dividend payment.
What is the Dividend Reinvestment Plan?
The DRIP allows eligible shareholders to reinvest their cash dividends into additional shares of KPT automatically.
Is there a limit on who can participate in the DRIP?
Yes, currently only Canadian shareholders are eligible to participate in the DRIP.
