Quad/Graphics shares jump 13.6% after board reinstates dividend

Quad/Graphics shares are up 13.6% to $6.22 after the company announced earlier on Friday that its Board of Directors reinstated its dividend and declared a quarterly dividend on the company’s common stock of 5c per share, or 20c per share on an annualized basis. The dividend is payable on March 12, 2024, to shareholders of record as of February 27, 2024. Joel Quadracci, Chairman, President and CEO of Quad, said: “Our consistent, strong cash generation and low debt leverage enable us to reinstate a quarterly dividend, while also maintaining the capital flexibility to invest in growing and automating our business, further reduce debt and seek opportunities for share repurchases.”