WestRock Company reported that its Board of Directors declared a quarterly dividend of $0.455 per share on its common stock, an increase of $0.025 per share from its previous dividend rate and representing an annualized increase of $0.10 per share, or 5.8%.
The quarterly dividend of $0.455 per share will be paid to stockholders of record as of the close of business on November 9, 2018 and will be paid on November 19, 2018.
“WestRock has returned $2.3 billion in capital to stockholders and increased our dividend by more than 20% over the last three years,” said Steve Voorhees, chief executive officer. “Today’s dividend increase demonstrates our confidence in WestRock’s ongoing ability to generate strong cash flow over the long term.”
About WestRock
WestRock partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com.