Mercer International Inc. (NASDAQ:MERC) Plans Dividend Increase – $0.14 Per Share
Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) announced a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.1375 per share by the basic materials company on Thursday, December 19th. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from Mercer International’s previous dividend of $0.12.
Shares of Mercer International stock opened at $12.10 on Monday. The firm has a market cap of $794.11 million, a PE ratio of 6.17 and a beta of 1.59. The firm’s 50-day simple moving average is $12.35 and its 200-day simple moving average is $12.99. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.52 and a current ratio of 3.84. Mercer International has a 1 year low of $9.36 and a 1 year high of $17.74.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $383.54 million for the quarter, compared to the consensus estimate of $398.57 million. Mercer International had a return on equity of 17.72% and a net margin of 6.34%. Mercer International’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. On average, equities analysts predict that Mercer International will post 0.55 earnings per share for the current year.
Mercer International Company Profile
Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.
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