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

Sylvamo Corporation (NYSE:SLVM) declared a quarterly dividend on Tuesday, December 16th. Stockholders of record on Monday, January 5th will be paid a dividend of 0.45 per share on Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, January 5th.

Sylvamo has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.1%

Shares of SLVM traded up $0.03 on Wednesday, reaching $51.34. 18,099 shares of the company’s stock were exchanged, compared to its average volume of 375,366. The business has a 50 day moving average price of $44.99 and a two-hundred day moving average price of $46.61. Sylvamo has a 12 month low of $37.51 and a 12 month high of $87.32. The stock has a market capitalization of $2.02 billion, a P/E ratio of 11.80 and a beta of 0.95. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

Sylvamo (NYSE:SLVM) last released its earnings results on Friday, November 7th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.13). The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $840.32 million. Sylvamo had a return on equity of 19.72% and a net margin of 5.25%.Sylvamo’s revenue was down 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.44 EPS. Research analysts anticipate that Sylvamo will post 7.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SLVM. Vanguard Group Inc. raised its position in Sylvamo by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company’s stock valued at $200,843,000 after buying an additional 149,326 shares during the last quarter. Nomura Holdings Inc. grew its stake in shares of Sylvamo by 34.1% during the 3rd quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock worth $95,073,000 after acquiring an additional 546,336 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Sylvamo by 7.2% in the third quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock valued at $57,086,000 after purchasing an additional 87,095 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Sylvamo by 0.7% in the second quarter. Geode Capital Management LLC now owns 985,834 shares of the company’s stock worth $49,396,000 after purchasing an additional 6,989 shares in the last quarter. Finally, Wasatch Advisors LP boosted its holdings in Sylvamo by 12.5% during the third quarter. Wasatch Advisors LP now owns 941,999 shares of the company’s stock worth $41,655,000 after purchasing an additional 104,778 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

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.