JACKSONVILLE, Fla.--Apr. 12, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a second quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
The dividend is payable on May 15, 2019 to preferred stockholders of record on May 1, 2019.
About Rayonier Advanced Materials
Rayonier Advanced Materials is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in cell phones, computer screens, filters and pharmaceuticals.The Company also manufactures products for lumber, paper and packaging markets.With manufacturing operations in the U.S., Canada and France, Rayonier Advanced Materials employs approximately 4,200 people and generates approximately
US$2 billion of revenues. More information is available at www.rayonieram.com.
Source: Rayonier Advanced Materials Inc.