Sylvamo Corporation (SLVM) To Go Ex-Dividend on July 7th

Sylvamo Corporation (NYSE:SLVM) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, July 7th will be given a dividend of 0.45 per share on Tuesday, July 28th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, July 7th.

Sylvamo has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sylvamo to earn $5.67 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 31.7%.

Sylvamo Trading Up 1.1%

NYSE:SLVM opened at $38.69 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91. Sylvamo has a one year low of $37.09 and a one year high of $57.65. The business has a fifty day moving average price of $41.94 and a 200-day moving average price of $45.86.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. Sell-side analysts forecast that Sylvamo will post 2.32 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings lowered Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Truist Financial assumed coverage on Sylvamo in a research note on Monday, March 30th. They issued a “buy” rating and a $54.00 price objective for the company. Zacks Research upgraded Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada cut their price target on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.00.

Sylvamo Company Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.