WestRock Divided Provides 3.5% Yield

WestRock Co WRK revealed that its Board has declared a cash dividend of $0.375 per share on its common stock. On an annualized basis, the dividend worked out to $1.50. Its dividend offered a yield of 3.5 percent. The company said that the dividend would be paid to its stockholders on August 22. The company fixed August 12 as the record date for determining the eligible persons to get the dividend. WestRock's dividend represented approximately 57.0 percent payout ratio. On Friday, the stock shed 0.28 or 0.65 percent at $42.49