Karat Packaging Declares Special Cash Dividend Of $0.40/Share; Approves Quarterly Cash Dividend Policy And Declares Quarterly Cash Dividend Of $0.10/Share
Portfolio Pulse from Benzinga Newsdesk
Karat Packaging Inc. (NASDAQ:KRT) has declared a special cash dividend of $0.40 per share and approved a quarterly cash dividend policy with a declared quarterly cash dividend of $0.10 per share. Both dividends will be payable on August 31, 2023, to shareholders of record at the close of business on August 23, 2023. The amount of future quarterly cash dividends will be at the discretion of the Board of Directors.
August 09, 2023 | 12:19 pm
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Karat Packaging's declaration of a special cash dividend and approval of a quarterly cash dividend policy could potentially attract investors looking for regular income, which may positively impact the stock price in the short term.
Dividends are a way for companies to distribute a portion of their earnings back to shareholders. The declaration of a special cash dividend and the approval of a quarterly cash dividend policy by Karat Packaging indicates a strong cash position and a commitment to returning value to shareholders. This could make the stock more attractive to investors, particularly those focused on income, which could drive up demand for the stock and positively impact its price in the short term.
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