Karat Packaging Board Declares Increase in Quarterly Cash Dividend
November 06 2024 - 7:00AM
Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a
specialty distributor and manufacturer of disposable foodservice
products and related items, today announced that its board of
directors approved the payment of a regular quarterly dividend of
$0.40 per share on the Company’s common stock, reflecting an
increase from the previous quarterly dividend of $0.35 per share.
The dividend is payable on or about November 29, 2024, to the
stockholders of record as of November 20, 2024.
About Karat Packaging Inc.
Karat Packaging Inc. is a specialty distributor and manufacturer
of a wide range of disposable foodservice products and related
items, primarily used by national and regional restaurants and in
foodservice settings throughout the United States. Its products
include food and take-out containers, bags, tableware, cups, lids,
cutlery, straws, specialty beverage ingredients, equipment, gloves
and other products. The company’s eco-friendly Karat Earth® line
offers quality, sustainably focused products that are made from
renewable resources. Karat Packaging also offers customized
solutions, including new product development and design, printing,
and logistics services. To learn more about Karat Packaging, please
visit the company’s website at www.karatpackaging.com.
Investor Relations and Media
Contacts:PondelWilkinson Inc.Judy Lin or Roger
Pondel310-279-5980IR@karatpackaging.com
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