Ennis Employees, Shareholders Benefit from Tax Cuts and Jobs Act of 2017
MIDLOTHIAN, Texas - January 2, 2018 - Keith Walters, chairman, president and CEO of Ennis Inc., a manufacturer of business forms and other business products headquartered here, announced that in conjunction with the signing of the Tax Cuts and Jobs Act of 2017, the Ennis board of directors has approved a special one-time bonus to more than 2,200 non-management employees in the amount of $500.00 each. This payment will take place with the first payroll period in January 2018.
In addition, in response to this landmark act the board of directors has declared a special one-time cash dividend of $0.10 a share of common stock. The dividend will be paid on February 9, 2018 to shareholders of record on January 12, 2018.
“Congress and the President by their passage of this historic law have improved the prospects of the American worker and American company success. We recognize this historic opportunity for our company, our employees and our shareholders,” said Walters.
The preceding press release was provided by a company unaffiliated withPrinting Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.