Mercer International (NASDAQ: MERC) declared an initial quarterly dividend of $0.115 per share, or $0.46 annualized.

The dividend will be payable on October 5, 2015, to stockholders of record on September 28, 2015, with an ex-dividend date of September 24, 2015.

The annual yield on the dividend is 3.7 percent.

Jimmy S.H. Lee, Executive Chairman, said: "The initiation of a quarterly cash dividend reflects our strengthened capital structure and balance sheet and our business outlook." Mr. Lee concluded: "We intend to continue to be efficient with our cash by investing in our business, pursuing accretive strategic opportunities and returning cash to shareholders."

For a dividend history and other dividend-related data on Mercer International (MERC) click here.