Orchids Paper declares quarterly dividend of $0.25 per share

Nov 15, 2012. /Lesprom Network/. The Board of Directors of Orchids Paper Products authorized an increase in its quarterly cash dividend from $.20 per outstanding share to $.25 per outstanding share of the Company's common stock. The increased dividend will be effective for the dividend payable on December 18, 2012, to stockholders of record at the close of business on December 3, 2012, as the company said in the press release received by Lesprom Network. The Company's President and CEO Bob Snyder said, "This increase in our dividend, which is the second increase in the last twelve months, is reflective of our current performance and demonstrates the confidence that the Board of Directors has in the long-term growth of our business. This dividend increase emphasizes our commitment to create long-term value for our stockholders." Orchids Paper Products Company is an integrated manufacturer of tissue paper products serving the at home private label consumer market.