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

Sylvamo Co. (NYSE:SLVM) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Tuesday, April 8th will be paid a dividend of 0.45 per share on Tuesday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, April 8th.

Sylvamo has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 2.1 %

NYSE:SLVM traded down $1.50 during mid-day trading on Thursday, hitting $69.76. 364,201 shares of the company’s stock traded hands, compared to its average volume of 274,738. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The company has a market capitalization of $2.86 billion, a P/E ratio of 9.68, a P/E/G ratio of 2.33 and a beta of 1.12. The company has a fifty day moving average of $78.93 and a 200 day moving average of $81.49. Sylvamo has a twelve month low of $54.59 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data 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 net margin of 7.96% and a return on equity of 34.72%. On average, analysts forecast that Sylvamo will post 7.45 EPS for the current year.

Analyst Ratings Changes

SLVM has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Bank of America reissued an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a 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.