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

Sylvamo Corporation (NYSE:SLVM) announced a quarterly dividend on Monday, September 14th. Investors 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 dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, October 2nd.

Sylvamo has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.2%

SLVM traded down $0.07 during mid-day trading on Monday, hitting $35.22. 234,294 shares of the stock were exchanged, compared to its average volume of 326,969. The firm’s fifty day moving average is $37.58 and its two-hundred day moving average is $39.83. Sylvamo has a 1-year low of $34.25 and a 1-year high of $56.80. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.40 billion, a PE ratio of 18.73, a PEG ratio of 1.27 and a beta of 0.86.

Sylvamo (NYSE:SLVM) last announced its earnings results on Friday, August 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $806.00 million during the quarter, compared to analysts’ expectations of $811.25 million. Sylvamo had a return on equity of 8.36% and a net margin of 2.31%.Sylvamo’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. Equities analysts forecast that Sylvamo will post 1.53 earnings per share for the current fiscal 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.