Sylvamo Co. (SLVM) To Go Ex-Dividend on April 8th

Sylvamo Co. (NYSE:SLVM) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.45 per share on Tuesday, April 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, April 8th.

Sylvamo has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 1.9 %

NYSE SLVM opened at $68.33 on Friday. The business’s 50-day moving average price is $78.16 and its two-hundred day moving average price is $81.43. Sylvamo has a 12 month low of $54.59 and a 12 month high of $98.02. The firm has a market capitalization of $2.80 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM) last announced its earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. On average, analysts expect that Sylvamo will post 7.45 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on SLVM. Bank of America restated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research report on Wednesday, December 11th. Royal Bank of Canada cut their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th.

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.