ATLANTA (News release) -- WestRock Company announced that its Board of Directors declared a quarterly dividend of $0.25 per share on its common stock, an increase of $0.01 per share from its previous dividend rate and representing an annualized increase of $0.04 per share, or 4%. The quarterly dividend of $0.25 per share will be paid to stockholders of record as of the close of business on November 10, 2021, and will be paid on November 23, 2021.

"Our customers are enthusiastic about the products that we bring to market, and I am confident in our ability to continue generating strong cash flows," said David B. Sewell, chief executive officer. "We are pleased with the progress that we have made in reducing debt and are well positioned for the future. Maintaining a sustainable and growing dividend remains a top priority and, with today's announcement, we have increased our dividend 25% since February."