5.8% Dividend Increase from WestRock ( WRK )
Dividend Increase Announcement
On October 26th, WestRock announced a dividend increase of 5.8%. This will increase their dividend per quarter from $0.43 to $0.55. It is payable on November 19th for shareholders of record on November 9th. The new quarterly dividend represents an annualized dividend amount of $1.82 per share as compared to the current annualized dividend amount of $1.72 per share.
WestRock Dividend Information
Annual Dividend: $1.82
Dividend Yield: 4.38%
Dividend Growth History: 2 years
Payout Ratio: 44.8%
Dividend Increase Effect On More Dividends
I am currently holding 14.966 shares of WestRock. With this 5.8% increase it will add $1.4966 to my Projected Annual Dividend Income.
Conclusion
WestRock is a great company. Their industry is very stable despite suffering from fluctuating prices. If WestRock is given approval for the Kapstone acquisition I think that the stock price could see a rebound. The company is solid and I will continue to acquire more shares if the price gets down to my cost basis. .
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in WestRock? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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