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8-K - 8-K - Orchids Paper Products CO /DE | a11-12935_18k.htm |
EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
May 20, 2011
Contact: Keith Schroeder
Chief Financial Officer
(918) 824-4605
ORCHIDS DECLARES QUARTERLY
DIVIDEND OF $0.10 PER SHARE
PRYOR, OKLAHOMA (May 20, 2011) On May 19, 2011, at a regularly scheduled meeting, the Board of Directors of Orchids Paper Products Company (NYSE Amex: TIS) authorized a quarterly cash dividend of $0.10 per outstanding share of the Companys common stock to stockholders of record at the close of business on June 6, 2011. The Company expects to pay this dividend on June 22, 2011.
About Orchids Paper Products Company
Orchids Paper Products Company is an integrated manufacturer of tissue paper products serving the private label consumer market. The Company produces a full line of tissue products, including paper towels, bathroom tissue and paper napkins. From its operations in Pryor, Oklahoma, Orchids Paper Products Company uses primarily recycled waste paper to produce finished tissue products that it provides to retail chains throughout the central United States. For more information on the Company and its products, visit the Companys website at http://www.orchidspaper.com.