Stora Enso Oyj (OTCMKTS:SEOAY) Announces $0.10 Dividend

Stora Enso Oyj (OTCMKTS:SEOAY) announced a dividend on Wednesday, December 11th,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.1049 per share by the basic materials company on Friday, December 27th. The ex-dividend date of this dividend is Friday, December 13th.

Stora Enso Oyj Trading Down 1.3 %

SEOAY traded down $0.14 on Thursday, hitting $10.27. The company had a trading volume of 104,662 shares, compared to its average volume of 51,621. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The firm has a market cap of $8.10 billion, a P/E ratio of -114.11 and a beta of 0.88. The company’s fifty day moving average price is $11.03 and its 200 day moving average price is $12.32. Stora Enso Oyj has a 1 year low of $9.53 and a 1 year high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The business had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative return on equity of 2.72% and a negative net margin of 0.75%. As a group, equities analysts expect that Stora Enso Oyj will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

SEOAY has been the topic of a number of recent research reports. Barclays upgraded shares of Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 7th. BNP Paribas raised Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.