Bemis Announces 27th Consecutive Annual Cash Dividend Increase and Approves ...
05.02.10
Announced today that its
Board of
Directors has approved a 2.2 percent increase in the
quarterly cash
dividend, increasing it to 23.0 cents per share compared to the previous
quarterly dividend of 22.5 cents per share. The cash dividend is payable
on March 1, 2010, to shareholders of record at the close of business on
February 16, 2010. This marks the 27th consecutive year that
the Company has increased its dividend payment. Bemis has been paying an
annual dividend on its stock since 1922.
The Board of Directors has also announced the approval of a succession
plan for Bemis Company's Chief Financial Officer. In accordance with the
approved plan, at the May 6, 2010 scheduled meeting of the Board of
Directors, Gene C. Wulf will step down as the Chief Financial Officer
and assume a new role as Executive Vice President. Scott B. Ullem,
currently Bemis' Vice President of Finance, will assume the title of
Vice President and Chief Financial Officer.
Source: MarketWatch
NH program to spur clean energy products
03.02.10
Paul Bemis runs a start-up company that is trying to market a program to help calculate the amount of heat and power generated by computers and to help cool them down to save energy costs.
He's hoping a new partnership announced Wednesday to link businesses developing clean energy products with experts at the University of New Hampshire and potential investors will be just the funding boost he needs for Applied Math Modeling Inc. in Concord -- now with just four employees who work from home.
"I think it's a good fit," Bemis said. "It needs a lot of work. I can't afford the manpower to do it."
The program, known as the Green Launching Pad, will seek ideas from New Hampshire entrepreneurs, businesses, students or researchers who need help to make them a reality. At least three projects a year will receive up to $90,000 in funding and other support, including coaching from technology and engineering professionals.
The state is using $750,000 in federal energy stimulus funds to pay for the program through the spring of 2012, after which time the university hopes it will be sustained with private funding.
Source: BusinessWeek