Karat Packaging Inc. announces a $0.45 quarterly dividend, payable May 23, 2025, to shareholders on record by May 16.
Quiver AI Summary
Karat Packaging Inc. has announced a quarterly dividend of $0.45 per share, set to be paid on or about May 23, 2025, to stockholders recorded by May 16, 2025. The company, which specializes in manufacturing and distributing disposable foodservice products for restaurants and foodservice settings across the U.S., offers a variety of items including containers, tableware, and cutlery, along with an eco-friendly product line called Karat Earth®. Karat Packaging also provides customized solutions such as product development, design, and logistics services. For more information, interested parties are encouraged to visit the company's website.
Potential Positives
- Karat Packaging Inc. announced a regular quarterly dividend of $0.45 per share, indicating strong financial performance and commitment to returning value to shareholders.
- The dividend distribution enhances the company's appeal to investors seeking income-generating stocks.
- The declaration of a dividend can signal confidence in the company's future performance and stability.
- Karat's focus on eco-friendly products, such as the Karat Earth® line, aligns with current consumer trends towards sustainability, potentially attracting a broader customer base.
Potential Negatives
- The announcement of a regular quarterly dividend may indicate that the company has limited growth opportunities to reinvest its earnings, suggesting a potential lack of long-term strategic initiatives.
- By focusing on dividend distribution, it may raise concerns among investors regarding the company’s ability to sustain growth or expand its operations effectively.
- Dividend payouts may strain the company’s cash flow, especially if future financial performance does not meet expectations.
FAQ
What is the dividend announced by Karat Packaging Inc.?
Karat Packaging Inc. has announced a quarterly dividend of $0.45 per share on its common stock.
When will the dividend be payable?
The dividend is payable on or about May 23, 2025, to stockholders of record as of May 16, 2025.
What does Karat Packaging Inc. specialize in?
Karat Packaging Inc. specializes in disposable foodservice products, including containers, tableware, and eco-friendly items.
Where are Karat Packaging's products used?
The company’s products are primarily used by national and regional restaurants and in foodservice settings throughout the United States.
What is the Karat Earth® line?
The Karat Earth® line offers eco-friendly, sustainably focused products made from renewable resources.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KRT Hedge Fund Activity
We have seen 43 institutional investors add shares of $KRT stock to their portfolio, and 40 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KORNITZER CAPITAL MANAGEMENT INC /KS removed 126,657 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $3,832,640
- WELLINGTON MANAGEMENT GROUP LLP removed 78,700 shares (-18.5%) from their portfolio in Q4 2024, for an estimated $2,381,462
- UBS GROUP AG added 66,300 shares (+21.3%) to their portfolio in Q4 2024, for an estimated $2,006,238
- MILLENNIUM MANAGEMENT LLC added 43,740 shares (+108.5%) to their portfolio in Q4 2024, for an estimated $1,323,572
- VANGUARD GROUP INC added 33,195 shares (+9.1%) to their portfolio in Q4 2024, for an estimated $1,004,480
- BARCLAYS PLC removed 33,090 shares (-46.5%) from their portfolio in Q4 2024, for an estimated $1,001,303
- LSV ASSET MANAGEMENT removed 31,400 shares (-23.1%) from their portfolio in Q4 2024, for an estimated $950,164
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CHINO, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- 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 a regular quarterly dividend of $0.45 per share on the Company’s common stock.
The dividend is payable on or about May 23, 2025, to stockholders of record as of May 16, 2025.
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 Pondel
310-279-5980
[email protected]
