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Temple-Inland Inc. Announces 18 Percent Increase in Quarterly Cash Dividend to $0.13 Per Common Share

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  Published in House and Home on Friday, February 4th 2011 at 12:50 GMT by Market Wire
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AUSTIN, Texas--([ BUSINESS WIRE ])--The Board of Directors of Temple-Inland Inc. (NYSE: TIN) today declared a regular quarterly dividend of $0.13 per common share, payable March 15, 2011, to shareholders of record March 1, 2011. This represents an 18 percent increase in the regular quarterly dividend.

"The increase in our regular quarterly dividend reflects our confidence in our ability to generate cash flow and our commitment to return cash to shareholders. This increase follows a ten percent increase in our dividend in 2010."

In announcing this decision, Doyle R. Simons, Chairman and Chief Executive Officer of Temple-Inland Inc., said, aThe increase in our regular quarterly dividend reflects our confidence in our ability to generate cash flow and our commitment to return cash to shareholders. This increase follows a ten percent increase in our dividend in 2010.a

Temple-Inland Inc. is a manufacturing company focused on corrugated packaging and building products. The fully integrated corrugated packaging operation consists of 7 mills, and 59 converting facilities. The building products operation manufactures a diverse line of building products for new home construction, commercial and repair and remodeling markets. Temple-Inland's address on the World Wide Web is [ www.templeinland.com ].