Feb 22, 2011. /Lesprom Network/. The Board of Directors of Orchids Paper Products Company announced the initiation of a quarterly cash dividend policy and authorized a dividend of $0.10 per outstanding share of the company's common stock to shareowners of record at the close of business on March 7, 2011. The company expects to pay this first quarterly dividend on March 28, 2011. The company's President and CEO Bob Snyder said, "The Board and I believe that it is in the best interest of the company to initiate a quarterly dividend in light of the company's strong balance sheet and prospects for long-term cash flow. We will review the dividend policy regularly and make adjustments as the company's financial condition and capital needs require." Orchids Paper Products Company is an integrated manufacturer of tissue paper products serving the private label consumer market. The company produces a full line of tissue products, including paper towels, bathroom tissue and paper napkins.