Oklahoma business briefs for Nov. 16

Oklahoma business briefs for Nov. 16
Oklahoman Published: November 16, 2012

OKLAHOMA BRIEFS

Orchids to increase its dividend

Directors of Orchids Paper Products Co. have authorized an increase in its quarterly cash dividend to 25 cents per share from 20 cents per share. The new dividend will be payable Dec. 18 to shareholders of record at the close of business on Dec. 3. CEO Bob Snyder said the increase, the company's second in the past year, “is reflective of our current performance and demonstrates the confidence that the board of directors has in the long-term growth of our business. This dividend increase emphasizes our commitment to create long-term value for our stockholders.” Pryor-based Orchids produces tissue paper products for the private label consumer market.

Mesa Products receives award

When Mesa Products Inc. was honored six years ago with an innovation and efficiency award from the U.S. Department of Commerce, leaders of the Tulsa-based company didn't realize they were about to make major changes in their business. Now, as the department's National Institute of Standards and Technology gives Mesa the Malcolm Baldrige Quality Award for a second time, the company's leaders know their strategy must be paying off. The annual Baldrige Award was given this week to four companies across the nation. Mesa was honored for streamlining its pipeline and supply manufacturing business, and working on customer service and employee satisfaction. The other winners were Lockheed Martin Missile and Fire Control, North Mississippi Health Services and the City of Irving, Texas. Mesa Products is a pipeline corrosion control and engineering company based at 4445 S 74 East Ave.