Suzano S.A. (SUZ) to Issue Annual Dividend of $0.34 on January 17th

Suzano S.A. (NYSE:SUZ) announced an annual dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Wednesday, December 18th will be given a dividend of 0.3366 per share on Friday, January 17th. This represents a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th.

Suzano has a payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Suzano to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 20.2%.

Suzano Stock Performance

NYSE SUZ opened at $10.31 on Monday. The firm has a market cap of $13.65 billion, a P/E ratio of 16.37 and a beta of 0.95. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 1.92. The company’s 50 day moving average is $10.28 and its 200-day moving average is $9.88. Suzano has a 12-month low of $8.78 and a 12-month high of $12.98.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.