Smurfit Westrock PLC (NYSE:SW) Declares Dividend Increase – $0.45 Per Share

Smurfit Westrock PLC (NYSE:SW) announced a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.4523 per share on Wednesday, March 18th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 5.0% increase from Smurfit Westrock’s previous quarterly dividend of $0.43.

Smurfit Westrock has increased its dividend by an average of 0.3%annually over the last three years.

Smurfit Westrock Stock Down 2.6%

Shares of SW traded down $1.07 during midday trading on Tuesday, reaching $40.89. The stock had a trading volume of 7,460,486 shares, compared to its average volume of 5,476,635. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.97. The company’s fifty day simple moving average is $39.45 and its two-hundred day simple moving average is $41.26. The company has a market cap of $21.35 billion, a price-to-earnings ratio of 28.59 and a beta of 1.09. Smurfit Westrock has a 1-year low of $32.73 and a 1-year high of $55.54.

Analyst Ratings Changes

SW has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, January 6th. Argus dropped their price objective on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Morgan Stanley reissued an “overweight” rating on shares of Smurfit Westrock in a report on Thursday, January 8th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Barclays decreased their target price on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus price target of $51.60.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.