Business
CCL Records Strong First Quarter Results and Increases Dividend by 10%
CCL Records Strong First Quarter Results and Increases Dividend by 10%.
About this update from Ccl Industries Inc. Class A
[{"type":"text","content":"\n\n\n\n\nStock Symbol: TSX - CCL.A and CCL.NV.B\n\nTORONTO, May 4 /CNW/ -\n\nDear Shareholder:\n\nPlease find enclosed the First Quarter 2006 financial results and related\npublic disclosures for CCL Industries Inc. This shareholder package provides\ndetailed information about your Company's business activities and its\nfinancial performance.\nThe Board of Directors continues to be very pleased with your Company's\nprogress. Since the sale of the North American Custom Manufacturing business\nalmost one year ago, CCL has been able to successfully reinvest the cash\nproceeds on capital projects in support of organic growth opportunities\ncombined with key strategic acquisitions. CCL has been able to more than\nreplace the earnings reduction associated with the sale of the Custom business\nwith its higher growth specialty packaging businesses.\nYour Board of Directors is also pleased to approve a 10% increase in the\nquarterly dividend payable on June 30, 2006. This dividend increase is\nsupported by the strong cash flow and earnings growth of your Company and by\nthe relatively conservative financial leverage of the business. This dividend\nis a continuation of CCL's record of paying consecutive quarterly dividends\nfor 25 years without a reduction. The dividend is $0.11 per Class B non-voting\nshare and $0.0975 per Class A voting share.\nConference calls with our stakeholders are held following the release of\nour quarterly results. These calls are made to ensure that all stakeholders\ncan gain further insight into our business and also support our good corporate\ngovernance practices. Presentation materials used during the conference calls\nand the annual Investors' Day are posted on our web site along with audio\nrecordings of the meetings. Instructions for accessing these services are set\nout at the end of this earnings release.\nWe encourage all shareholders to access our web site www.cclind.com on a\nregular basis for investor and company news including scheduled dates for\nfuture earnings releases. If you would like to have future Press Releases \ne-mailed to you at the time they are issued, please complete the Information\nRequest Form under the Investor Relations Section on our web site or write to\nus at CCL to the attention of Christene Duncan.\n\nYours truly,\n\nJon K. Grant\nChairman of the Board\n\nInvestor Update\...