The Board of Directors of Temple-Inland Inc. (NYSE:TIN) today declared a regular quarterly dividend of $0.13 per common share, payable December 15, 2011, to shareholders of record December 1, 2011. 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 57 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.
Temple-Inland (NYSE:TIN) hit a new 52-week high Friday as it is currently trading at $32, above its previous 52-week high of $31.94 with 5.7 million shares traded as of 3:45 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.
Temple-Inland (NYSE:TIN) hit a new 52-week high Thursday as it is currently trading at $31.93, above its previous 52-week high of $31.92 with 1.6 million shares traded as of 3:20 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.
The ex-dividend date for Temple-Inland (NYSE:TIN) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $31.87 as of 9:30 a.m., the dividend yield is 1.6%.