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KP Tissue Announces Quarterly Dividend of $0.18 per Common Share

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KP Tissue Inc. Declares Quarterly Dividend

KP Tissue Inc. (TSX: KPT) has announced the declaration of a quarterly dividend of $0.18 per common share. The dividend will be payable on January 15, 2024, to shareholders of record as of January 2, 2024, subject to applicable law. The dividends paid will be considered "eligible" dividends for tax purposes. This dividend declaration is connected to a corresponding quarterly distribution by Kruger Products, in which KP Tissue holds a limited partnership interest.

Dividend Reinvestment Plan

KP Tissue has a Dividend Reinvestment Plan (DRIP) that allows eligible shareholders to reinvest their cash dividends in additional common shares of the company. The DRIP automatically reinvests cash dividends in newly issued common shares at a price per share equal to 100% of the 5-day weighted average trading price prior to the dividend payment date. Participation in the DRIP is subject to limitations and restrictions, and only Canadian shareholders are eligible. Shareholders interested in participating in the DRIP should review the full text of the plan on KP Tissue's website and contact their broker or financial institution for enrollment instructions. In conclusion, KP Tissue's declaration of a quarterly dividend provides an opportunity for eligible shareholders to receive a return on their investment. The company's Dividend Reinvestment Plan offers a convenient option for shareholders to reinvest their dividends and potentially increase their ownership in the company.

Implications of KP Tissue's Quarterly Dividend for New Businesses

KP Tissue Inc.'s recent declaration of a quarterly dividend of $0.18 per common share presents an interesting case study for new businesses, particularly those considering dividend policies.

The Power of Dividends

The company's decision to distribute dividends could be seen as a demonstration of financial health and profitability, potentially attracting investors seeking regular income. For new businesses, this could be a strategy to consider once they reach a certain level of stability and profitability.

Dividend Reinvestment Plan

KP Tissue's Dividend Reinvestment Plan (DRIP) is another noteworthy aspect. This plan allows shareholders to reinvest their dividends back into the company, potentially increasing their ownership stake. For new businesses, implementing a similar plan could serve as a tool to retain investors and foster long-term loyalty.
The Canadian Context
It's important to note that KP Tissue's DRIP is only available to Canadian shareholders, highlighting the importance of understanding the specific regulatory and market context in which a business operates. For new businesses, this underscores the need to tailor strategies to their specific geographical and regulatory context. In conclusion, KP Tissue's dividend declaration and DRIP provide valuable insights for new businesses. While the applicability of these strategies will depend on each business's specific circumstances, they offer food for thought on ways to attract and retain investors.
Story First Published at: https://financialpost.com/globe-newswire/kp-tissue-declares-a-quarterly-dividend-of-0-18-per-common-share-14
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