Smurfit Westrock Ltd Declares Semi-annual Dividend of $0.30 (NYSE:SW)

Smurfit Westrock Ltd (NYSE:SW) declared a semi-annual dividend on Friday, July 26th, Wall Street Journal reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.3025 per share on Wednesday, September 18th. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, August 15th.

Smurfit Westrock Trading Up 0.6 %

Shares of SW opened at $40.60 on Wednesday. Smurfit Westrock has a one year low of $38.55 and a one year high of $49.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.30 and a quick ratio of 1.92. The company has a market cap of $10.43 billion, a P/E ratio of 33.91 and a beta of 1.05.

Analysts Set New Price Targets

SW has been the subject of several recent research reports. Morgan Stanley assumed coverage on Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research note on Wednesday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a $52.00 price target on shares of Smurfit Westrock in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st.

About Smurfit Westrock

WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The company is one of the largest integrated producers of containerboard by tons produced, and one of the largest producers of high-graphics preprinted linerboard on the basis of net sales in North America.