JACKSONVILLE, Fla.--(BUSINESS WIRE)--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, 2016.
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 1, 2016.
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.