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

Sylvamo Co. (NYSE:SLVM) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, January 6th will be paid 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 2.26%. The ex-dividend date is Monday, January 6th.

Sylvamo has a dividend payout ratio of 25.0% indicating that 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 Price Performance

Shares of SLVM stock opened at $79.53 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The company has a market capitalization of $3.26 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. The firm’s 50-day moving average is $87.93 and its two-hundred day moving average is $78.93. Sylvamo has a 12 month low of $44.94 and a 12 month high of $98.02.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SLVM shares. Bank of America reaffirmed an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Sidoti initiated coverage on shares of Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective on the stock.

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.