NEENAH, Wisc.–(BUSINESS WIRE)–Bemis Company, Inc. (NYSE: BMS) announced today that its Board of Directors has approved a 5 percent increase in the quarterly cash dividend, increasing it to 22 cents per share compared to the previous quarterly dividend of 21 cent per share. The cash dividend is payable on March 3, 2008, to shareholders of record on at the close of business on February 15, 2008. This marks the 25th consecutive year that the Company has increased its dividend payment. Bemis has been paying an annual dividend on its stock since 1922.
“Our dividend program is an important part of our shareholders’ total return on their investment in Bemis Company,” said Jeff Curler, Bemis Company’s Chairman and Chief Executive Officer. “This healthy dividend increase reflects the confidence of our Board of Directors in our ability to continue to generate strong cash flow into the future and achieve our long-term earnings per share growth targets.”
About Bemis Company, Inc.
Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide. Founded in 1858, the Company reported 2007 net sales of $3.6 billion. The Company’s flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing and converting. The Company’s pressure sensitive materials business specializes in adhesive technologies. Headquartered in Neenah, Wisconsin, Bemis employs about 15,700 individuals in 55 manufacturing facilities in 10 countries around the world. More information about the Company is available at our website, www.bemis.com.