Sylvamo Corporation (NYSE:SLVM) Plans $0.45 Quarterly Dividend

Sylvamo Corporation (NYSE:SLVM) announced a quarterly dividend on Tuesday, December 16th. Investors of record on Monday, January 5th will be paid a dividend of 0.45 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, January 5th.

Sylvamo has a dividend 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 Stock Down 0.4%

SLVM stock traded down $0.23 during trading on Wednesday, reaching $51.08. 45,073 shares of the stock were exchanged, compared to its average volume of 375,474. The firm’s 50 day moving average is $44.99 and its 200 day moving average is $46.61. Sylvamo has a twelve month low of $37.51 and a twelve month high of $87.32. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2.01 billion, a P/E ratio of 11.69 and a beta of 0.95.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.13). The firm had revenue of $846.00 million during the quarter, compared to analyst estimates of $840.32 million. Sylvamo had a net margin of 5.25% and a return on equity of 19.72%. The company’s revenue was down 12.3% on a year-over-year basis. During the same period last year, the business posted $2.44 EPS. As a group, research analysts forecast that Sylvamo will post 7.45 EPS for the current year.

About Sylvamo

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.