Today, August 24, 2023, marks an important moment for investors of WestRock WRK. The company will distribute a dividend payout of $0.28 per share, demonstrating an annualized dividend yield of 3.39%. Remember, only shareholders prior to the ex-dividend date on August 09, 2023 are eligible for this payout.
WestRock Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-09 | 4 | $0.28 | 3.39% | 2023-07-28 | 2023-08-10 | 2023-08-24 |
| 2023-05-10 | 4 | $0.28 | 3.75% | 2023-04-28 | 2023-05-11 | 2023-05-25 |
| 2023-02-09 | 4 | $0.28 | 2.89% | 2023-01-27 | 2023-02-10 | 2023-02-22 |
| 2022-11-09 | 4 | $0.28 | 3.3% | 2022-10-27 | 2022-11-10 | 2022-11-23 |
| 2022-08-11 | 4 | $0.25 | 2.37% | 2022-07-29 | 2022-08-12 | 2022-08-24 |
| 2022-05-11 | 4 | $0.25 | 2.0% | 2022-04-29 | 2022-05-12 | 2022-05-24 |
| 2022-02-10 | 4 | $0.25 | 2.3% | 2022-01-27 | 2022-02-11 | 2022-02-23 |
| 2021-11-09 | 4 | $0.25 | 2.1% | 2021-10-28 | 2021-11-10 | 2021-11-23 |
| 2021-08-12 | 4 | $0.24 | 1.94% | 2021-07-30 | 2021-08-13 | 2021-08-24 |
| 2021-05-18 | 4 | $0.24 | 1.66% | 2021-05-05 | 2021-05-19 | 2021-05-28 |
| 2021-02-10 | 4 | $0.2 | 1.97% | 2021-01-29 | 2021-02-11 | 2021-02-23 |
| 2020-11-12 | 4 | $0.2 | 2.14% | 2020-10-30 | 2020-11-13 | 2020-11-24 |
In terms of dividend yield, WestRock finds itself in the middle ground among its industry peers, while International Paper IP takes the lead with the highest annualized dividend yield at 5.46%.
Analyzing WestRock Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, there was a decline in the company's dividend per share, dropping from $1.82 in 2019 to $1.02 in 2022. This negative trend suggests a reduction in the company's dividend distribution, which requires careful investigation to identify the underlying causes.
YoY Earnings Growth For WestRock
From 2019 to 2022, WestRock experienced a growth in earnings per share, with an increase from $3.98 to $4.79. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article takes an in-depth look at WestRock's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.28 per share today, translating to an annualized dividend yield of 3.39%.
In terms of dividend yield, WestRock finds itself in the middle ground among its industry peers, while International Paper takes the lead with the highest annualized dividend yield at 5.46%.
Given that WestRock has experienced a decrease in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could indicate that the company is focusing on reinvesting profits into business growth rather than prioritizing dividend distributions.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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