May 31, 2012 — Gulf Coast Paper Co. recently paid out a dividend on the company's common stock, extending profits to its owner-employees through an employee stock ownership plan.
Gulf Coast established the stock ownership plan in 1988, allowing its employees to acquire ownership in 49 percent of the company’s stock. This marks the second dividend payout of the company’s fiscal year.
About Gulf Coast Paper
Victoria, TX-based Gulf Coast Paper Co. has distributed janitorial, packing, and office supplies throughout Texas since 1965. For more information, visit www.gulfcoastpaper.com.
