Financial Reports & Markets
KP Tissue declares a quarterly dividend of $0.18
May 15, 2023 By P&PC Staff/KP Tissue
KP Tissue recently shared that its board of directors has declared a quarterly dividend of $0.18 per common share, payable on July 17, 2023 to shareholders of record at the close of business on June 30, 2023, subject to applicable law.
The dividends paid are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
The dividend is being declared in connection with the declaration of a corresponding quarterly distribution by Kruger Products in which KP Tissue holds a limited partnership interest.
Dividend Reinvestment Plan
The company has a Dividend Reinvestment Plan under which eligible shareholders may elect to have their cash dividends reinvested in additional common shares of KPT. Under the Plan, the company will automatically reinvest for participating shareholders the cash dividends of KPT in newly issued common shares at a price per common share equal to 100 percent of the five-day weighted average trading price of the common shares prior to the dividend payment date.
Only Canadian shareholders are eligible to participate in the DRIP and the DRIP is subject to additional limitations and restrictions. Interested shareholders are encouraged to review the full text of the DRIP, available on KPT’s website at www.kptissueinc.com.
Shareholders who wish to participate in the DRIP should contact their broker, financial institution, or other nominee through which their common shares are held to determine their eligibility and provide appropriate enrolment instructions, and to ensure any deadlines or other requirements that such broker, financial institution, or nominee may impose or be subject to are met.
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