Canadian Manufacturing

Envelope and packaging manufacturer Supremex announces reinstatement of quarterly dividend

Supremex says it will pay a quarterly dividend of 2.5 cents per common share.

January 6, 2022   The Canadian Press

Supremex Inc. is reinstating its payment of a quarterly dividend after suspending it in the early days of the pandemic.

The maker of envelopes and paper packaging says it will pay a quarterly dividend of 2.5 cents per common share.

The first payment will be payable on Feb. 15 to shareholders of record at the close of business on Jan. 31.

Chief executive Stewart Emerson says the company believes a balanced approach to capital deployment, including capital expenditures, acquisitions, share buybacks and dividends, is an attractive combination for shareholders.

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Supremex had paid a quarterly dividend of 6.5 cents per share at the start of 2020 before it suspended its regular payment to shareholders due to the pandemic.

The company has 10 manufacturing facilities across four provinces and three manufacturing facilities in the United States.