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

Sylvamo Co. (NYSE:SLVM) announced a quarterly dividend on Tuesday, December 17th,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 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, January 6th.

Sylvamo has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.1 %

Shares of SLVM stock opened at $79.43 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. Sylvamo has a fifty-two week low of $44.94 and a fifty-two week high of $98.02. The stock has a 50 day simple moving average of $86.77 and a two-hundred day simple moving average of $79.70. The company has a market cap of $3.26 billion, a P/E ratio of 12.35, a PEG ratio of 2.92 and a beta of 1.08.

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

Analyst Upgrades and Downgrades

SLVM has been the topic of several analyst reports. Sidoti initiated coverage on Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock. Bank of America reiterated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research note 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.