VRTV's Dividend Pay out Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Earnings per Share	$ 4.42	$ 5.15	$ 5	$ 4.93	$ 6.86
Dividend	$ 0.63	$ 0.62	$ 0.62	$ 0.59	-
Pay out Ratio	14.14 %	12.04 %	12.38 %	11.89 %	-

Dividend Pay out Ratio Comment

Despite year on year detoriation of eps, Veritiv increased dividend to 0.63$ and increased dividend pay out ratio to 14.14%.

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