01.22.18
The Board of Directors of LSC Communications declared a regular quarterly dividend of $0.26 per common share. This dividend is a 4% increase from the level paid quarterly since October 2016. The dividend is payable March 2, 2018 to stockholders of record as of the close of business on Feb. 15, 2018.
“The 4% annual dividend increase represents our ongoing commitment to balanced capital deployment and our continued ability to generate strong free cash flow,” said Thomas J. Quinlan III, LSC Communications’ chairman and CEO. “Over the last year, we have made several strategic acquisitions and investments to enhance our capabilities, and as we focus on the integration of these acquisitions as well as the positive cash impact from the new tax legislation, we are committed to increasing the return of capital to our shareholders.”
“The 4% annual dividend increase represents our ongoing commitment to balanced capital deployment and our continued ability to generate strong free cash flow,” said Thomas J. Quinlan III, LSC Communications’ chairman and CEO. “Over the last year, we have made several strategic acquisitions and investments to enhance our capabilities, and as we focus on the integration of these acquisitions as well as the positive cash impact from the new tax legislation, we are committed to increasing the return of capital to our shareholders.”