Sylvamo Co. (NYSE:SLVM) Announces $0.45 Quarterly Dividend

Sylvamo Co. (NYSE:SLVM) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Monday, January 6th will be given a dividend of 0.45 per share on Friday, January 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, January 6th.

Sylvamo has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sylvamo to earn $8.40 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 21.4%.

Sylvamo Stock Performance

Sylvamo stock traded down $6.30 during midday trading on Wednesday, reaching $79.93. The stock had a trading volume of 299,026 shares, compared to its average volume of 308,435. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.28 billion, a PE ratio of 12.43, a P/E/G ratio of 2.92 and a beta of 1.08. Sylvamo has a 12 month low of $44.94 and a 12 month high of $98.02. The firm’s 50-day moving average price is $87.98 and its 200 day moving average price is $78.93.

Sylvamo (NYSE:SLVM) last released its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. The business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 EPS. As a group, research analysts predict that Sylvamo will post 7.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SLVM shares. Sidoti started coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target on the stock. Bank of America restated an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th.

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.