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

Sylvamo Corporation (NYSE:SLVM) announced a quarterly dividend on Monday, February 23rd. Stockholders of record on Tuesday, April 7th will be given a dividend of 0.45 per share on Tuesday, April 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, April 7th.

Sylvamo has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 4.4%

SLVM stock traded down $2.16 during trading on Monday, hitting $46.54. 307,053 shares of the company traded hands, compared to its average volume of 320,084. The company has a 50-day moving average of $49.92 and a 200-day moving average of $46.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.92 and a current ratio of 1.50. Sylvamo has a 1 year low of $37.51 and a 1 year high of $73.73. The firm has a market capitalization of $1.84 billion, a PE ratio of 14.28, a P/E/G ratio of 0.57 and a beta of 0.95.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The business had revenue of $890.00 million for the quarter, compared to analysts’ expectations of $858.76 million. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 EPS. Analysts predict that Sylvamo will post 7.45 earnings per share for the current fiscal year.

About Sylvamo

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.