WESTVACO CORP
8-K, 1995-08-24
PAPER MILLS
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                                         Total Number of Pages: 2
                                                                 
                                                                 
                                                                   
                                    
                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D. C. 20549
                                    
                                    
                                    
                                FORM 8-K
                                    
           Current Report Pursuant to Section 13 or 15(d) of
                       The Securities Act of 1934
                                    
                                    
                                    
                                    
                                     Date of Report: August 24, 1995
      
      
      
                          WESTVACO CORPORATION
         (Exact name of registrant as specified in its charter)
                                    
                                    
      DELAWARE              1-3013               13-1466285
      (State or other       (Commission          (I.R.S. Employer
       jurisdiction of       File Number)         Identification No.)
       incorporation)
      
      
      
          299 PARK AVENUE, NEW YORK, NEW YORK          10171  
       (Address of principal executive offices)       (Zip Code)
                                    
                                    
       Registrant's telephone number, including area code (212) 688-5000
      
      
      
      
      
                                                                 
                                                                 
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    ITEM 5.  OTHER EVENTS
      
             On August 22, 1995, the Board of Directors of Westvaco
             Corporation authorized a three-for-two stock split and a 20
             percent increase in the quarterly dividend on common stock. 
             The split will occur in the form of a 50 percent stock dividend
             to shareholders of record on September 1, 1995. 
             Distribution will take place on October 2, 1995.  The increase
             in the quarterly cash dividend is from 18-1/3 cents to 22 cents
             per share after recognizing the effect of the stock split on
             both the prior dividend and the new dividend.  The new
             quarterly cash dividend will be payable October 2, 1995 to
             shareholders of record on September 1.
      
      
      
      
                               SIGNATURE
                                     
        Pursuant to the requirements of the Securities Exchange Act of 1934,
      the registrant has duly caused this report to be signed on its behalf
      by the undersigned thereunto duly authorized.
      
      
                                  WESTVACO CORPORATION
      
      
      
      
                                  By/s/John W. Hetherington                    
                                       John W. Hetherington
                                       Vice President and Secretary
      
      
      
      
      August 24, 1995
      
      
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