LSC Communications Board of Directors Increases Regular Quarterly Dividend by 4%; Company to Host an Investor Meeting on Marc...
January 18 2018 - 4:10PM
Business Wire
(NYSE: LKSD) The Board of Directors of LSC Communications
declared a regular quarterly dividend of $0.26 per common share.
This dividend is a 4% increase from the level paid quarterly since
October 2016. The dividend is payable March 2, 2018 to stockholders
of record as of the close of business on February 15, 2018.
“The 4% annual dividend increase represents our ongoing
commitment to balanced capital deployment and our continued ability
to generate strong free cash flow,” said Thomas J. Quinlan III, LSC
Communications’ Chairman and Chief Executive Officer. “Over the
last year we have made several strategic acquisitions and
investments to enhance our capabilities, and as we focus on the
integration of these acquisitions as well as the positive cash
impact from the new tax legislation, we are committed to increasing
the return of capital to our shareholders.”
Investor meeting to be held March 6th in New
York City
An investor meeting and live webcast will be held at The Yale
Club in New York City on Tuesday, March 6,
2018 from 8:30 am to 11:30 am Eastern Time. A management
presentation will be followed by a question and answer session.
Individuals wishing to attend in person must pre-register, and the
live webcast will be accessible on LSC
Communications’ web site: www.lsccom.com. Further
details about the event, webcast and pre-registration will be
posted in advance on the company's website.
About LSC Communications
With a rich history of industry experience, innovative solutions
and service reliability, LSC Communications (NYSE: LKSD) is a
global leader in print and digital media solutions. The company’s
traditional and digital print-related services and office products
serve the needs of publishers, merchandisers and retailers around
the world. With advanced technology and a consultative approach,
LSC’s supply chain solutions meet the needs of each business by
getting their content into the right hands as efficiently as
possible.
Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on these forward-looking statements and any such
forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date of this news
release and are based on current expectations and involve a number
of assumptions, risks and uncertainties that could cause the actual
results to differ materially from such forward-looking statements,
including risks associated with the ability of LSC Communications
to perform as expected as a separate, independent entity and risks
associated with the volatility and disruption of the capital and
credit markets, and adverse changes in the global economy. Readers
are strongly encouraged to read the full cautionary statements
contained in LSC’s filings with the SEC. LSC disclaims any
obligation to update or revise any forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20180118006209/en/
Investor Relations Contact:LSC Communications, Inc.Janet
Halpin, SVP Treasurer and Investor
Relationsinvestor.relations@lsccom.com773-272-9275
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