Schweitzer-Mauduit International Inc. (swm) Increases Dividend to $0.42 Per Share
Schweitzer-Mauduit International Inc. (NYSE:swm) declared a quarterly dividend on Thursday, November 3rd. Investors of record on Friday, November 25th will be given a dividend of 0.42 per share on Friday, December 23rd. This represents a $1.68 annualized dividend and a yield of 4.02%. The ex-dividend date is Tuesday, November 22nd. This is a boost from Schweitzer-Mauduit International’s previous quarterly dividend of $0.40.
Schweitzer-Mauduit International (NYSE:SWM) opened at 41.79 on Thursday. Schweitzer-Mauduit International has a 1-year low of $29.02 and a 1-year high of $43.47. The firm has a market capitalization of $1.28 billion, a PE ratio of 14.60 and a beta of 1.06. The company’s 50-day moving average is $38.20 and its 200 day moving average is $36.98.
Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company earned $209.30 million during the quarter, compared to analysts’ expectations of $204.95 million. Schweitzer-Mauduit International had a net margin of 10.28% and a return on equity of 20.55%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. On average, equities analysts expect that Schweitzer-Mauduit International will post $3.26 EPS for the current fiscal year.
Several brokerages have recently weighed in on SWM. Drexel Hamilton set a $44.00 price target on shares of Schweitzer-Mauduit International and gave the stock a “buy” rating in a research note on Friday, August 5th. TheStreet raised shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating in a research note on Monday, July 25th.
Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc is a producer of specialty papers and resin-based products. The Company manufactures and sells lightweight specialty papers, which are used in manufacturing ventilated cigarettes, reconstituted tobacco used in producing blended cigarettes and banded papers used in the production of lower ignition propensity (LIP) cigarettes.
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