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

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 paid a dividend of 0.45 per share on Tuesday, April 29th. This represents a $1.80 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, April 8th.

Sylvamo has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of SLVM stock traded down $1.50 during trading hours on Thursday, hitting $69.76. 364,201 shares of the company’s stock were exchanged, compared to its average volume of 274,738. Sylvamo has a fifty-two week low of $54.59 and a fifty-two week high of $98.02. The firm has a market cap 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 quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $78.93 and a two-hundred day moving average of $81.49.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Sell-side analysts forecast that Sylvamo will post 7.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SLVM shares. Bank of America reaffirmed an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada reduced their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th.

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.