Smurfit Westrock Approves Significant Quarterly Dividend

Smurfit Westrock Approves Significant Quarterly Dividend

Smurfit Westrock plc (NYSE:SW, LSE:SWR) has just announced an exciting development that will impact its shareholders significantly. The company's Board has approved a quarterly dividend of $0.4308 for each share of its ordinary shares. This dividend is a testament to Smurfit Westrock's commitment to rewarding its shareholders and reflecting its strong financial performance.

Key Details of the Quarterly Dividend

The approved quarterly dividend of $0.4308 will be payable on March 18, 2025. To be eligible for this dividend, shareholders must be on record by the close of business on February 14, 2025. This announcement underscores the company’s ongoing strategy to enhance shareholder value through consistent and reliable returns.

Dividend Timetable

Understanding the timeline for this dividend is crucial for shareholders. The ex-dividend date is set for February 14, 2025, which means that shares must be purchased before this date to qualify for the dividend payment. The record date is also the same day, while the payment itself will occur on March 18, 2025. These dates are important for shareholders to ensure they receive their dividends timely.

Payment Currency and Options

For those holding their ordinary shares through a Depository Trust Company (DTC) participant, the default payment currency for this dividend will be the U.S. Dollar. Shareholders who hold their shares in registered form will also receive their payments in U.S. Dollars, unless an alternative currency election has been made with the Company's Transfer Agent, Computershare Trust Company N.A. The deadline for such notifications is set for 5:00 p.m. (New York) on February 13, 2025.

Currency Elections for Shareholders

Furthermore, shareholders who hold their ordinary shares in the form of Depository Interests have the flexibility to choose the currency in which they receive their dividend. The default currency remains U.S. Dollars, but instructions can be provided to the Company’s Depositary Interest provider to convert the payment into Pounds Sterling or Euros. This adjustment must be communicated by 12:00 p.m. (New York) on February 28, 2025, ensuring that all shareholders are catered to, regardless of their currency preference.

About Smurfit Westrock

Smurfit Westrock is recognized globally as a leading provider of paper-based packaging solutions, boasting around 100,000 employees spanning across 40 countries. The company takes great pride in its ability to deliver innovative packaging solutions, and its dedicated workforce plays a crucial role in its ongoing success.

Looking Ahead

With the announcement of the quarterly dividend, it aligns with Smurfit Westrock's strategic priorities, aiming to maintain robust financial health. Investors can look forward to further developments as the company continues to focus on growth and enhancing shareholder value in the competitive packaging market.

Frequently Asked Questions

What is the quarterly dividend amount declared by Smurfit Westrock?

The quarterly dividend announced by Smurfit Westrock is $0.4308 per ordinary share.

When will the dividend be paid?

The dividend will be paid on March 18, 2025, to shareholders who are on record as of February 14, 2025.

What currency will the dividend be paid in?

The default payment currency is U.S. Dollar unless a different currency is elected by the shareholder.

Who can elect to receive the dividend in a different currency?

Shareholders who hold their ordinary shares as Depository Interests can choose to receive payment in Pounds Sterling or Euros.

What is the significance of this dividend announcement?

This dividend declaration reflects Smurfit Westrock's strong financial performance and commitment to delivering shareholder value.

About The Author

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