Sylvamo Corporation Declares Quarterly Dividend of $0.45 (NYSE:SLVM)

Sylvamo Corporation (NYSE:SLVM) declared a quarterly dividend on Monday, September 14th. Shareholders of record on Friday, October 2nd will be given a dividend of 0.45 per share on Friday, October 16th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, October 2nd.

Sylvamo has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Sylvamo to earn $5.16 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 34.9%.

Sylvamo Stock Performance

NYSE SLVM traded down $0.07 during trading hours on Monday, hitting $35.22. The company had a trading volume of 234,294 shares, compared to its average volume of 326,969. The business has a 50 day moving average of $37.58 and a 200-day moving average of $39.83. The company has a market cap of $1.40 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.27 and a beta of 0.86. Sylvamo has a 1-year low of $34.25 and a 1-year high of $56.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 1.47.

Sylvamo (NYSE:SLVM) last posted its earnings results on Friday, August 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Sylvamo had a return on equity of 8.36% and a net margin of 2.31%.The business had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $811.25 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts expect that Sylvamo will post 1.53 EPS for the current year.

Sylvamo Company Profile

Sylvamo Corporation (NYSE: SLVM) is a global producer of uncoated paper products. The company manufactures paper used for printing, writing, education, office applications, books, envelopes and other everyday communications. Its portfolio includes consumer and business paper brands such as Hammermill, along with products sold under regional and private-label brands.

Sylvamo serves customers through operations and distribution networks in North America, Latin America and Europe. Its products are sold to merchants, retailers, businesses, publishers, printers and other commercial customers.