RockTenn Announces Dividend; Increases Annualized Dividend by 33 Percent to $1.20 Per Share
NORCROSS, Ga., April 26, 2013 (GLOBE NEWSWIRE) -- RockTenn (NYSE:RKT) today reported that its Board of Directors declared a dividend of $0.30 per share on its Class A Common Stock to shareholders of record at the close of business on May 7, 2013. The dividend, which will be paid on May 20, 2013, represents an annual dividend rate of $1.20 per share.
"We implemented this mid-year increase in our dividend rate because of our growing free cash flow and our overall outlook for the long-term profitability of our business," said James A. Rubright, RockTenn Chairman and Chief Executive Officer.
RockTenn is one of North America's leading integrated manufacturers of corrugated and consumer packaging. RockTenn's 26,000 employees are committed to exceeding their customers' expectations - every time. The Company operates locations in the United States, Canada, Mexico, Chile, Argentina and China. For more information, visit www.rocktenn.com
John Stakel, 678-291-7900
Senior Vice President-Treasurer
Source: RockTenn Company
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