Orchids Paper Products (TIS) Declares $0.35 Quarterly Dividend; 5.6% Yield
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Orchids Paper Products Company Announces Plans For New Facility In Southeastern U.S., Declares Dividend Of $0.35 Per Share And Reports 2015 First Quarter Results
April 20, 2015 6:55 AM EDTPRYOR, Okla., April 20, 2015 /PRNewswire/ --Â Orchids Paper Products Company (NYSE MKT: TIS) today reported the following.
Executive Summary:
New Southeastern U.S. facility: The Company intends to build an integrated tissue paper facility in Barnwell, SC with paper making capacity of between 35,000 and 40,000 tons per year and converting capacity of between 30,000 and 32,000 tons per year. Includes new paper machine and converting equipment. First Quarter dividend: The Company's Board of Directors authorized a quarterly cash dividend of $0.35 per... More