Sylvamo Corporation (SLVM) to Distribute Quarterly Dividend of $0.45 on July 28th

Sylvamo Corporation (NYSE:SLVM) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Tuesday, July 7th will be given a dividend of 0.45 per share on Tuesday, July 28th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date 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 0.1%

Shares of NYSE SLVM opened at $38.58 on Friday. The stock has a market cap of $1.53 billion, a PE ratio of 15.25, a PEG ratio of 0.59 and a beta of 0.87. The business has a fifty day moving average of $39.76 and a two-hundred day moving average of $44.19. Sylvamo has a 52-week low of $35.53 and a 52-week high of $56.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45.

Sylvamo (NYSE:SLVM) last issued its earnings results on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The firm had revenue of $755.00 million during the quarter, compared to analyst estimates of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. As a group, equities research analysts expect that Sylvamo will post 2.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SLVM has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings lowered shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Royal Bank Of Canada cut their target price on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Monday, May 11th. Finally, Truist Financial initiated coverage on Sylvamo in a report on Monday, March 30th. They issued a “buy” rating and a $54.00 target price on the stock. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.00.

Sylvamo Company Profile

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.