Smurfit Westrock Ltd to Issue Quarterly Dividend of $0.30 (NYSE:SW)

Smurfit Westrock Ltd (NYSE:SW) declared a quarterly dividend on Friday, October 25th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.3025 per share on Wednesday, December 18th. This represents a $1.21 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, November 15th.

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $50.47 on Wednesday. The firm has a 50 day moving average price of $47.18. Smurfit Westrock has a 52 week low of $38.55 and a 52 week high of $54.32. The company has a market cap of $26.25 billion, a PE ratio of 281.52 and a beta of 1.04. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73.

Analyst Ratings Changes

A number of brokerages recently issued reports on SW. Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, July 29th. Citigroup started coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. Redburn Atlantic initiated coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Finally, Royal Bank of Canada upgraded Smurfit Westrock from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $52.00 to $58.00 in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.43.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.