Business
CCL Reports Improved 3rd Quarter Operating Results and Declares Dividend
CCL Reports Improved 3rd Quarter Operating Results and Declares Dividend.
About this update from Ccl Industries Inc. Class A
[{"type":"text","content":"\n\n\n\n\nStock Symbol: TSX - CCL.A and CCL.B\n\nTORONTO, Nov. 2 /CNW/ -\n\nDear Shareholder:\n\nPlease find enclosed the Third 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 financial\nperformance.\nCCL has experienced major changes in its businesses over its 55 years\nsince inception and recently, we have focused our business primarily as a\nglobal leader in high quality packaging solutions. With synergistic\ninternational acquisitions and significant investments in new plants and\nequipment, we have continued our record of paying consecutive quarterly\ndividends without a reduction for over 25 years since becoming a public\ncompany, despite the ups and downs of business cycles in that time. In a world\nof continuous change and uncertainty, investors can take comfort from a\nconsistent flow of dividends from their investments. We believe that a\ndependable and growing dividend is an important component of delivering value\nto our loyal shareholders.\nIn that spirit, your Board of Directors is pleased to approve the next\nquarterly dividend payable on January 2, 2007. This dividend is supported by\nthe strong cash flow and earnings growth of your Company and by the relatively\nconservative financial leverage of the business. The dividend is $0.11 per\nClass B non-voting share and $0.0975 per Class A voting share.\nConference calls with our stakeholders are held following the release of\nour quarterly results and when significant events require additional\ncommunication. These calls are made to ensure that all stakeholders are kept\ncurrent with our business developments and to support our good corporate\ngovernance practices. Presentation materials used during conference calls and\nformal investor meetings 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 are pleased to announce the creation of our new and improved website\nat www.cclind.com and encourage all shareholders to access it on a regular\nbasis for the latest CCL and investor news. If you would like to have future\nPress Releases e-mailed to you at the time they are issued, please complete\nthe Information Reques...