Bemis raises dividend for 34th consecutive year

Bemis (BMS) will raise its dividend by 3.4%.

Dividend Aristocrat Bemis Company will increase its quarterly dividend from $0.29 to $0.30 per share, marking the 34th consecutive year of dividend increases.

The cash dividend is payable on March 1, 2017, to shareholders of record at the close of business on February 21, 2017.

This marks the 34th consecutive year that the Company has increased its dividend payment. Bemis has been paying an annual dividend on its stock since 1922 and has been included in Standard & Poor's list of Dividend Aristocrats since 2008.

Bemis is a Dividend Aristocrat since 2008

"Our dividend program is an important part of our shareholders' total return on investment in Bemis Company," said William F. Austen, Bemis Company's President and Chief Executive Officer. "Our annual cash dividend has increased consecutively for 34 years, reflecting our confidence in our ability to generate strong cash flow and future growth."

Bemis Company, Inc. is a supplier of flexible packaging used by food, consumer products, healthcare, and other companies worldwide. Bemis has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting.