KP Tissue Announces a Quarterly Dividend
Located in Mississauga, Ontario, KP Tissue Inc. (KPT) has recently revealed an important update for its investors. The company's Board of Directors has declared a quarterly dividend of $0.18 per common share. This dividend is set to be paid on January 15, 2026, benefiting shareholders who are on record by the end of business on December 31, 2025, as per applicable regulations.
Understanding the Dividend and Its Implications
Dividends such as this one are designated as 'eligible' dividends under the Income Tax Act (Canada). This designation affects tax treatment for Canadian shareholders, potentially offering tax advantages for the dividend income received. KP Tissue’s strategy aims to enhance value for its shareholders through such dividends.
Details of the Dividend Reinvestment Plan
For shareholders looking to reinvest their dividends, KP Tissue has set up a Dividend Reinvestment Plan (DRIP). This plan allows eligible shareholders to reinvest cash dividends into additional common shares. The reinvestment occurs at a price equal to 100% of the average trading price of the common shares over the five days preceding the dividend payment date, promoting potential growth for participating shareholders.
It's important to note that participation in the DRIP is exclusive to Canadian shareholders. Those interested can consult with their brokers or financial institutions to explore their eligibility and know the necessary enrollment procedures. Ensuring compliance with imposed deadlines is essential for those wanting to participate.
About KP Tissue Inc.
KP Tissue Inc. is structured primarily to maintain a limited equity interest in Kruger Products. This partnership means that KPT records its stake via the equity method, holding a notable 12.1% interest in Kruger Products. This structure allows KPT to focus its business on benefiting from its partnership while actively engaging with shareholders.
Insights into Kruger Products Inc.
Kruger Products is recognized as a premier manufacturer of tissue products across various markets, including household and commercial sectors. With an impressive array of brands catering to the Canadian consumer like Cashmere, Purex, SpongeTowels, and Scotties, it has solidified its standing in the industry. Its reach extends into the U.S. with brands like White Cloud and many private label offerings as well.
Employing over 3,000 individuals across ten production facilities in North America, Kruger Products is committed to meeting the demands of both the consumer and the Away-From-Home sector. Kruger Products prides itself on high-quality standards and sustainability measures, being FSC® COC-certified, which emphasizes its commitment to responsible sourcing.
Corporate Contacts for Inquiries
For any inquiries regarding KP Tissue or its dividends, shareholders and potential investors have access to dedicated channels. François Paroyan, General Counsel and Corporate Secretary, provides insight into corporate matters at KP Tissue, reachable at 905-812-6936 or via email. For investor relations, Doris Grbic, the Director of Investor Relations, is also available, emphasizing the company's transparency and dedication to shareholder engagement.
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 will be paid on January 15, 2026, to shareholders on record by December 31, 2025.
Who is eligible for the Dividend Reinvestment Plan?
Only Canadian shareholders can participate in the Dividend Reinvestment Plan offered by KP Tissue.
What percentage interest does KP Tissue hold in Kruger Products?
KP Tissue holds a 12.1% equity interest in Kruger Products.
How can shareholders contact KP Tissue for inquiries?
Shareholders can reach François Paroyan at 905-812-6936 for corporate inquiries and Doris Grbic at 437-882-2596 for investor relations.
