WestRock Increases Quarterly Dividend From $0.2750 To $0.3025 Per Share
Portfolio Pulse from Benzinga Newsdesk
WestRock Company (NYSE:WRK) has announced an increase in its quarterly dividend from $0.2750 to $0.3025 per share, representing an annualized increase of 10%. The dividend will be paid to stockholders of record as of November 13, 2023, and will be paid on November 21, 2023.
October 27, 2023 | 2:10 pm
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WestRock's decision to increase its quarterly dividend by 10% could be seen as a positive signal by investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's strong financial health. As such, this news could lead to increased investor confidence in WestRock, potentially driving up the stock price in the short term.
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IMPORTANCE 70
RELEVANCE 100