Sylvamo Co. (NYSE:SLVM) Plans $0.45 Quarterly Dividend

Sylvamo Co. (NYSE:SLVM - Get Free Report) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, January 6th will be given a dividend of 0.45 per share on Friday, January 24th. This represents a $1.80 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, January 6th.

Sylvamo has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sylvamo to earn $8.40 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 21.4%.

Sylvamo Stock Down 7.8 %

Shares of SLVM traded down $6.70 during midday trading on Wednesday, hitting $79.53. The stock had a trading volume of 427,831 shares, compared to its average volume of 309,313. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. The company has a 50 day simple moving average of $87.93 and a two-hundred day simple moving average of $78.93. Sylvamo has a twelve month low of $44.94 and a twelve month high of $98.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.18 by $0.26. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. During the same quarter last year, the firm earned $1.70 EPS. Sylvamo's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Sylvamo will post 7.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SLVM shares. Bank of America restated an "underperform" rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti began coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They set a "buy" rating and a $100.00 price objective for the company.

Sylvamo Company Profile

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.