Jun 01, 2012. /Lesprom Network/. Orient Paper, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.0125 per share. The dividend is payable July 2, 2012 to shareholders of record as of the close of business of June 15, 2012. The Board of Directors also approved that quarterly dividend of $0.0125 per share will also be paid in the next three quarters on such dates as the Board of Directors shall determine. "We are pleased to announce a cash dividend providing shareholders with an attractive yield on their investment," stated Mr. Zhenyong Liu, Chairman and CEO of Orient Paper. "The dividend reflects our ongoing confidence in our business and prospects and balances our growth strategy with our commitment to maximize value for our shareholders." While the intention of the Board of Directors is to distribute a cash dividend, the Company also advises investors that the cash dividend may be re-characterized as a nontaxable distribution or tax-free return of capital dependent upon the Company's U.S. taxable earnings and profits at year end 2012 and that shareholders should be prepared to assess the applicable tax treatment and consult with their tax advisors. Orient Paper, Inc., through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, and other paper and packaging-related products in China.