JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 24, 2016--
Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the
Company’s board of directors has declared a fourth quarter cash dividend
of $0.07 per share of Common Stock of the corporation. The dividend is
payable on December 30, 2016 to stockholders of record on December 16,
The Company also announced today that the board of directors has
declared a fourth quarter cash dividend of $2.111 per share of Mandatory
Convertible Preferred Stock of the corporation. The dividend is payable
on November 15, 2016 to the preferred stockholders of record on November
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 85 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 79 ports around the world, serving customers in 20
countries across five continents.
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Source: Rayonier Advanced Materials Inc.
Rayonier Advanced Materials Inc.
Mickey Walsh 904-357-9162