Boise Inc. announced last week a special cash dividend of $0.72 per common share, payable Dec. 12 to shareholders of record at the close of business on Nov. 28.

The total special dividend payout is estimated to be approximately $72 million to be paid from cash on hand.

“This special cash dividend is consistent with our stated intention to return capital to our shareholders when both our performance and outlook create the appropriate opportunities. We continue to maintain strong financial flexibility and sufficient capital to fund our growth initiatives,” said Alexander Toeldte, president and chief executive officer of Boise Inc.

Boise Inc. is traded on the New York Stock Exchange as NYSE: BZ.