WestRock Increases Dividend 10% to New Annualized Rate of $1.10 Per Share

Rhea-AI Summary

WestRock Company (NYSE: WRK) announced a quarterly dividend of $0.275 per share, up $0.025 from the previous rate, marking a 10% annual increase. This dividend will be paid to stockholders of record by the close of business on November 10, 2022, and will be disbursed on November 23, 2022. The increase reflects WestRock's commitment to providing value to its shareholders while supporting its sustainable paper and packaging solutions globally.

Positive

• Dividend increased by $0.025 per share.
• 10% annual increase in dividend amount.
• Payment date and record date provided for shareholders.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- WestRock Company (NYSE: WRK) today reported that its Board of Directors declared a quarterly dividend of $0.275 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 10%. The quarterly dividend of $0.275 per share will be paid to stockholders of record as of the close of business on November 10, 2022, and will be paid on November 23, 2022.

About WestRock

WestRock (NYSE: WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock’s team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221027005683/en/

Investors:

Robert Quartaro, 470-328-6979

Senior Vice President, Investor Relations

robert.quartaro@westrock.com

James Armstrong, 470-328-6327

Vice President, Investor Relations

james.armstrong@westrock.com

Media:

Robby Johnson, 470-328-6397

Manager, Corporate Communications

robby.b.johnson@westrock.com

Source: WestRock Company

FAQ

What is the new dividend amount for WRK?

The new dividend amount for WestRock (WRK) is $0.275 per share.

When will the dividend for WRK be paid?

The dividend will be paid on November 23, 2022.

What is the record date for WRK's dividend?

The record date for WRK's dividend is November 10, 2022.

How much has the dividend increased for WRK?

The dividend has increased by $0.025 per share, representing a 10% annual increase.