Stone added, "Our dividend is sized to keep KapStone well-positioned to fund future acquisitions and internal investment projects." The dividend record date is December 30, 2014, and the dividend payment date is January 12, 2015. Future declaration of quarterly dividends, however, will remain subject to the final determination of KapStone's Board.
About the Company
Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The Company is the parent company of KapStone Kraft Paper Corporation and KapStone Container Corporation which includes four paper mills and 21 converting plants, respectively, across the US. The business employs approximately 4,600 people.