Quad Ups Quarterly Dividend, Declares Special Dividend

SUSSEX, WI—Quad/Graphics announced that its board of directors approved an increase to its 2013 quarterly cash dividend by 20 percent to $0.30 per share from $0.25 per share. In addition, the board of directors also declared a special dividend of $2 per share.

“The continued cash-generating power of our company and the strength of our balance sheet make it possible for us to declare a special dividend and increase our 2013 annual cash dividend,” said Joel Quadracci, chairman, president and CEO of Quad/Graphics. “Despite challenges in the economy and our industry, we remain confident in our ability to generate significant free cash flow to support a balanced and disciplined capital deployment strategy. This includes making investments that create long-term value for our shareholders, such as our acquisition of Vertis, and maintaining our balance sheet strength with a leverage ratio within our targeted range of 2.0x to 2.5x.”