Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend

Core Points - Karat Packaging Inc. announced a regular quarterly cash dividend of $0.35 per share and a special cash dividend of $0.15 per share, reflecting the company's strong cash position and positive long-term outlook [1][2] - Both dividends are payable on or about August 30, 2024, to shareholders of record at the close of business on August 21, 2024 [2] Company Overview - Karat Packaging Inc. is a specialty distributor and manufacturer of disposable foodservice products, primarily serving national and regional restaurants and foodservice settings across the United States [2] - The product range includes food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and more [2] - The company offers an eco-friendly product line, Karat Earth®, which focuses on sustainability and is made from renewable resources [2] - Customized solutions are also provided, including new product development, design, printing, and logistics services [2]