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

Sylvamo Co. (NYSE:SLVM) declared 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 is Tuesday, April 8th.

Sylvamo has a 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 NYSE:SLVM opened at $69.76 on Friday. The firm’s 50 day moving average price is $78.55 and its 200-day moving average price is $81.41. Sylvamo has a twelve month low of $54.59 and a twelve month high of $98.02. 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 stock has a market capitalization of $2.86 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 2.28 and a beta of 1.12.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping 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%. Equities research analysts expect that Sylvamo will post 7.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SLVM shares. Bank of America reissued an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a report 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 for the company in a report on Thursday, February 13th.

Sylvamo Company Profile

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.