WestRock Increases Dividend 10% to New Annualized Rate of $1.21 Per Share

Rhea-AI Summary

WestRock Company (NYSE: WRK) has announced an increase in its quarterly dividend by $0.0275 per share, representing a 10% annualized increase. The new dividend of $0.3025 per share will be paid to stockholders on November 21, 2023.

Positive

• WestRock Company has increased its quarterly dividend by $0.0275 per share, representing a 10% annualized increase.
• The new dividend of $0.3025 per share will be paid to stockholders on November 21, 2023.

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• None.

ATLANTA--(BUSINESS WIRE)-- WestRock Company (NYSE: WRK) today reported that its board of directors declared a quarterly dividend of $0.3025 per share on its common stock, an increase of $0.0275 per share from its previous quarterly dividend which represents an annualized increase of $0.11 per share, or 10%. The quarterly dividend of $0.3025 per share will be paid to stockholders of record as of the close of business on November 13, 2023, and will be paid on November 21, 2023.

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/20231025793674/en/

Investors:

Robert Quartaro, 470-328-6979

Vice President, Investor Relations

robert.quartaro@westrock.com

Media:

Robby Johnson, 470-328-6397

Senior Manager, Corporate Communications

robby.b.johnson@westrock.com

Source: WestRock Company

FAQ

What is the new dividend announced by WestRock Company?

The new dividend announced by WestRock Company is $0.3025 per share.

When will the dividend be paid to stockholders?

The dividend will be paid to stockholders on November 21, 2023.

What is the percentage increase in the dividend?

The dividend has increased by 10%.