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

Sylvamo Co. (NYSE:SLVM) announced a quarterly dividend on Wednesday, February 19th, 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 dividend on an annualized basis and a yield of 3.05%. 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. Equities 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 $59.08 on Friday. The company has a market capitalization of $2.40 billion, a PE ratio of 8.19, a PEG ratio of 2.23 and a beta of 1.17. 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’s 50 day moving average price is $70.28 and its 200-day moving average price is $79.61. Sylvamo has a twelve month low of $56.35 and a twelve month high of $98.02.

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 the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. On average, equities analysts anticipate that Sylvamo will post 7.45 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

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.