CCL Industries Reports 4Q, Full Year Results
Mr. Martin concluded, "CCL has substantially strengthened its balance sheet in 2011 with $141 million of cash on hand, $91 million of unused credit facilities and net debt to total capital down 373 basis points to 20.7 percent at year end. Based on strong 2011 cash flows, our prospects for the coming year and the Company's commitment to increasing total shareholder return, your Board of Directors has declared an increase in the quarterly dividend of 11.4 percent or $0.02 per share. The new quarterly dividend of $0.195 per Class B non-voting share and $0.1825 per Class A voting share will be payable to shareholders of record at the close of business on March 16, 2012, to be paid on March 30, 2012. CCL has delivered dividends to shareholders without omission or reduction for over 30 years."
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