Sylvamo Co. (NYSE:SLVM – Get Free Report) declared a quarterly dividend on Friday, September 13th, Wall Street Journal reports. Investors of record on Thursday, October 3rd will be given a dividend of 0.45 per share on Thursday, October 17th. This represents a $1.80 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, October 3rd.
Sylvamo has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sylvamo to earn $8.30 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 21.7%.
Sylvamo Trading Up 1.3 %
Shares of Sylvamo stock opened at $85.85 on Tuesday. Sylvamo has a 12-month low of $40.79 and a 12-month high of $88.42. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08. The stock has a market cap of $3.53 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 5.01 and a beta of 1.07. The company has a 50-day moving average of $76.51 and a two-hundred day moving average of $69.61.
Analyst Ratings Changes
A number of research analysts have recently weighed in on SLVM shares. Bank of America raised their price objective on shares of Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Royal Bank of Canada raised their price objective on shares of Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th.
Get Our Latest Stock Analysis on SLVM
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.
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