OREANDA-NEWS. December 10, 2012. Orient Paper's Board of Directors declared another quarterly cash dividend of USD 0.0125 per share. The dividend is payable on December 31, 2012 to shareholders of record as of the close of business of December 17, 2012, as the company said in the press release received by Lesprom Network.

"The Company's goal is to generate long-term shareholder value and we are pleased to announce our third consecutive cash dividend," said Zhenyong Liu, Chairman and CEO of Orient Paper.

"Although our Company is currently in expansion mode and we are also making plans to enter into the household/tissue paper, the Board of Directors is committed to implement a regular dividend payout policy to reward the support from all shareholders, as long as our cash flow permits.

"We believe the worst period may be over for the paper industry and we are cautiously optimistic of improved market conditions for 2013," added Mr. Liu.

Orient Paper, Inc., through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, and other paper and packaging-related products in China.