Karat Packaging Stock Slips Before $0.45 Dividend Payout As Tariff Costs Stay In Focus
Karat Packaging Inc shares traded at $26.46, down 0.3% in late Tuesday action, underperforming a broad U.S. market rally. The company’s quarterly dividend of 45 cents per share is due May 28. First-quarter sales rose 12.9% to $116.9 million, but gross margin fell to 35.5% amid higher tariffs and import costs.
