Bemis Company, Inc. (NYSE: BMS) announced today that its Board of Directors has approved a 4 percent increase in the quarterly cash dividend, increasing it to 27 cents per share compared to the previous quarterly dividend of 26 cents per share. The cash dividend is payable on March 3, 2014, to shareholders of record at the close of business on February 18, 2014. This marks the 31 st consecutive year that the Company has increased its dividend payment. Bemis has been paying an annual dividend on its stock since 1922 and has been included in Standard & Poor's list of Dividend Aristocrats since 2008.
"Our dividend program is an important part of our shareholders' total return on investment in Bemis Company," said Henry Theisen, Bemis Company's Chairman and Chief Executive Officer. "Our annual cash dividend has increased consecutively for 31 years, demonstrating our consistent confidence in Bemis' future growth and expectations for continued strong cash flow."
FORWARD LOOKING STATEMENTSStatements in this release that are not historical, including statements relating to the expected future performance of the Company, are considered “forward-looking” and are presented pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such content is subject to certain risks and uncertainties, including but not limited to consumer buying patterns, foreign currency fluctuations, changes in working capital requirements, changes in government regulations, and the availability and related cost of financing from banks and capital markets. Actual future results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors which are detailed in the Company's regular SEC filings including the most recently filed Form 10-K for the year ended December 31, 2012.
ABOUT BEMIS COMPANY, INC.Bemis Company, Inc. is a major supplier of packaging and pressure sensitive materials used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, Bemis Company is included in the S&P 500 index of stocks and reported 2013 net sales of $5.0 billion. Bemis has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs approximately 19,000 individuals worldwide. More information about Bemis is available at our website, www.bemis.com.