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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (14786)	5/17/2013 11:37:47 AM
From: Triffin	1 Recommendation Read Replies (1) of 34328

TIS boosts dividend payout by +16% ===== PRYOR, Okla., May 17, 2013 At a regularly scheduled meeting, the Board of Directors of Orchids Paper Products Company (NYSE MKT: TIS) authorized an increase in its quarterly cash dividend from $0.30 per outstanding share to $0.35 per outstanding share of the Company's common stock. The Company has increased its dividend by $0.05 for the past 3 consecutive quarters. The increased dividend will be effective for the dividend payable on June 21, 2013 to stockholders of record at the close of business on June 7, 2013. The Company's President and Chief Executive Officer Bob Snyder said, "Orchids continues to generate excess cash flow, so we are pleased to announce an increase in our dividend to $0.35 cents per share that continues our trend of increasing dividend payouts. This increase in our dividend, which is the fourth increase in the last eighteen months, demonstrates the confidence that the Board of Directors has in the long-term growth of our business and emphasizes our commitment to create long-term value for our stockholders." ===== Triff ..

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