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Increases annualized dividend by 17 percent to $1.40 per share
October 25, 2013
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
RockTenn reported that its Board of Directors declared a dividend of $0.35 per share on its Class A Common Stock to shareholders of record at the close of business on Nov. 5, 2013. The dividend, which will be paid on Nov. 18, 2013, represents an annual dividend rate of $1.40 per share. This is the company’s second dividend increase this year. “The board’s action to increase the annual dividend speaks to our continued confidence in our overall outlook for the long-term profitability and cash flow generation of our business,” said Jim Rubright, chairman and CEO.
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