NORCROSS, Ga., Oct. 24, 2014 (GLOBE NEWSWIRE) -- RockTenn today reported that its Board of Directors declared a dividend of $0.1875 per share on its Class A Common Stock to shareholders of record at the close of business on Nov. 7, 2014. The dividend, which will be paid on Nov. 17, 2014, represents an annual dividend rate of $0.75 per share.
"The board's action to increase the annual dividend speaks to our continued confidence in the outlook for the business and our commitment to return capital to shareholders," said Steve Voorhees, Chief Executive Officer.
Statements in this press release about our outlook for our business and our commitment to return capital to our shareholders are forward-looking statements which reflect management's current views and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. Factors which could cause actual results to differ include but are not limited to: (i) the level of our indebtedness and increases in interest rates; (ii) industry conditions, including but not limited to changes in the cost or availability of raw materials, energy and transportation services, competition we face, cyclicality and changes in consumer preferences, demand and pricing for our products; (iii) global economic conditions and political changes, including but not limited to adverse conditions in the financial and capital markets, the amount of our future pension funding obligation, changes in tax laws and pension and health care costs; (iv) unanticipated expenditures related to the cost of compliance with existing and new environmental and other governmental regulations and to actual or potential litigation; (v) whether we experience a material disruption at one or more of our manufacturing facilities; and (vi) our ability to achieve the benefits we expect from our acquisitions, divestitures and restructurings. These and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
RockTenn (NYSE:RKT) is one of North America's leading providers of packaging solutions and manufacturers of containerboard and paperboard. RockTenn's 27,000 employees are committed to exceeding their customers' expectations - every time. The company operates locations in the United States, Canada, Mexico, Chile and Argentina. For more information, visit www.rocktenn.com.
John Stakel, 678-291-7901
Senior Vice President-Treasurer