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

Sylvamo Corporation (NYSE:SLVM) declared a quarterly dividend on Monday, February 23rd. Investors of record on Tuesday, April 7th will be paid a dividend of 0.45 per share on Tuesday, April 28th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, April 7th.

Sylvamo has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sylvamo to earn $7.25 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 24.8%.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $46.54 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.50 and a debt-to-equity ratio of 0.79. Sylvamo has a fifty-two week low of $37.51 and a fifty-two week high of $73.73. The business has a 50 day moving average price of $49.82 and a two-hundred day moving average price of $46.36. The firm has a market cap of $1.84 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.57 and a beta of 0.95.

Sylvamo (NYSE:SLVM) last released its earnings results on Thursday, February 12th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The company had revenue of $890.00 million during the quarter, compared to analysts’ expectations of $858.76 million. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The business’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. Sell-side analysts expect that Sylvamo will post 7.45 earnings per share for the current fiscal year.

About Sylvamo

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.