JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jul. 20, 2017--
Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the
Company’s board of directors has declared a third quarter cash dividend
of $2.00 per share of Mandatory Convertible Preferred Stock of the
Company. The dividend is payable on August 15, 2017 to the preferred
stockholders of record on August 1, 2017.
The Company’s board of directors also declared a third quarter cash
dividend of $0.07 per share of common stock of the Company. The dividend
is payable on September 29, 2017 to holders of common stock of record on
September 15, 2017.
About Rayonier Advanced Materials
Rayonier Advanced Materials is the leading global supplier of
high-purity, cellulose specialties natural polymers for the chemical
industry. Working closely with its customers, the Company engineers
natural polymeric chemical chains to create dozens of customized
high-purity performance fibers at its plants in Florida and Georgia.
Rayonier Advanced Materials’ intellectual property and manufacturing
processes have been developed over 90 years, resulting in unique
properties and very high quality and consistency. The Company’s
facilities have the capacity to produce approximately 485,000 tons of
cellulose specialties for use in a wide range of industrial and consumer
products such as filters, cosmetics and pharmaceuticals and
approximately 245,000 tons of commodity products. Rayonier Advanced
Materials is consistently ranked among the nation’s top 50 exporters and
delivers products to 80 ports around the world, serving customers in 35
countries across five continents. More information is available at www.rayonieram.com.
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Source: Rayonier Advanced Materials Inc.
Rayonier Advanced Materials Inc.
Media: Randy Houck, 904-357-9134
Mickey Walsh, 904-357-9162