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

Sylvamo Corporation (NYSE:SLVM) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.45 per share on Tuesday, July 28th. This represents a c) dividend on an annualized basis 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.1%

Shares of 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. Sylvamo has a 1-year low of $37.09 and a 1-year high of $57.65. The firm has a fifty day moving average price of $41.94 and a 200 day moving average price of $45.86. The stock has a market cap of $1.54 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.59 and a beta of 0.91.

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). Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $740.85 million. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was down 8.0% on a year-over-year basis. Sell-side analysts predict that Sylvamo will post 2.32 EPS for the current 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.