NORCROSS, Ga., Nov. 04, 2016 (GLOBE NEWSWIRE) -- WestRock Company (NYSE:WRK) today reported that its Board of Directors declared a quarterly dividend of $0.40 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. The quarterly dividend of $0.40 per share will be paid to stockholders of record as of the close of business on November 21, 2016 and will be paid on November 30, 2016.
“This dividend increase demonstrates the confidence of the Board of Directors in the strength of our company’s capability to generate cash flow over the long-term,” said Steve Voorhees, WestRock chief executive officer.
WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 39,000 team members support customers around the world from more than 250 operating and business locations spanning North America, South America, Europe and Asia. Learn more at www.westrock.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our current expectations, beliefs, plans or forecasts. WestRock cautions readers that a forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statement. Such forward-looking statements include, but are not limited to, statements regarding, among other things, that our board of directors has confidence in the strength of our capability to generate cash flow over the long-term. With respect to these statements, WestRock has made assumptions regarding, among other things, economic, competitive and market conditions generally; volumes and price levels of purchases by customers; competitive conditions in WestRock's businesses and possible adverse actions of their customers, competitors and suppliers. Further, WestRock's businesses are subject to a number of general risks that would affect any such forward-looking statements. These risks, and other factors that may impact management's assumptions, are more particularly described in WestRock's filings with the Securities and Exchange Commission, including Item 1A "Risk Factors" in WestRock's Annual Report on Form 10-K for the fiscal year ended September 30, 2015. The information contained herein speaks as of the date hereof and WestRock does not have or undertake any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Matt Tractenberg, 470-328-6327
Vice President - Head of Investor Relations
Chris Augustine, 470-328-6305
Director, Corporate Communications
Source:WestRock Shared Services, LLC