Bemis Company, Inc. announced that its Board of Directors has approved a 4% 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 Feb. 18, 2014. This marks the 31st 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 CEO. “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.”