Sylvamo Co. (NYSE:SLVM – Get Free Report) declared a quarterly dividend on Friday, September 13th, Wall Street Journal reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of 0.45 per share on Thursday, October 17th. This represents a $1.80 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, October 3rd.
Sylvamo has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sylvamo to earn $8.30 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 21.7%.
Sylvamo Stock Down 3.3 %
Shares of NYSE SLVM opened at $83.00 on Wednesday. Sylvamo has a 12-month low of $40.79 and a 12-month high of $88.42. The stock has a market cap of $3.40 billion, a P/E ratio of 17.70, a PEG ratio of 5.00 and a beta of 1.07. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08. The business’s fifty day simple moving average is $76.71 and its 200-day simple moving average is $69.80.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SLVM. Royal Bank of Canada lifted their price objective on shares of Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Bank of America raised their target price on Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd.
View Our Latest Research Report on Sylvamo
Sylvamo Company Profile
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.
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