Karat Packaging declares special dividend of 40c per share

Karat Packaging announced that its Board of Directors has declared a special cash dividend of $0.40 per share on the Company’s common stock. Additionally, the Board of Directors approved a quarterly cash dividend policy and declared a quarterly cash dividend of $0.10 per share on the Company’s common stock. The amount of future quarterly cash dividends will be at the sole discretion of the Board of Directors. “The initiation of a quarterly dividend represents a milestone for Karat, which has been a publicly traded company since April 2021,” said Alan Yu, chief executive officer. “These distributions reflect Karat’s strong operating performance and cash position, and the board’s commitment to returning value to our shareholders.”