ATLANTA, Feb. 4, 2025
/PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK)
("Graphic Packaging" or the "Company"), a global leader in
sustainable consumer packaging, today announced that its Board of
Directors voted to increase the quarterly dividend to $0.11 per share of common stock, a 10% increase
from the prior quarterly dividend of $0.10. The increased dividend will be payable on
April 5, 2025, to common stockholders
of record at the close of business on March
15, 2025.
Michael Doss, the Company's
President and CEO said, "As the last major investment of our Vision
2025 transformation program nears completion, the company's capital
spending needs decline significantly. Our focus under Vision 2030
turns to strengthening and protecting our market-leading position
in sustainable consumer packaging through reinvestment and
tuck-under M&A, and returning excess capital to stockholders.
We believe that a strong and growing dividend is appropriate
capital allocation, and this increase reflects our confidence in
the strength of our business model. We expect to supplement a
growing dividend with opportunistic share repurchase, and to pursue
an investment grade credit rating when doing so provides the
greatest benefit to our stockholders."
About Graphic Packaging Holding Company
Graphic
Packaging designs and produces consumer packaging made primarily
from renewable or recycled materials. An industry leader in
innovation, the Company is committed to reducing the environmental
footprint of consumer packaging. Graphic Packaging operates a
global network of design and manufacturing facilities serving the
world's most widely recognized brands in food, beverage,
foodservice, household, and other consumer products. Learn more at
www.graphicpkg.com.
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SOURCE Graphic Packaging Holding Company
