Sylvamo Co. (SLVM) To Go Ex-Dividend on April 5th

Sylvamo Co. (NYSE:SLVMGet Free Report) declared a quarterly dividend on Tuesday, February 20th, Zacks reports. Investors of record on Monday, April 8th will be given a dividend of 0.30 per share on Monday, April 29th. This represents a $1.20 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, April 5th.

Sylvamo has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sylvamo to earn $5.50 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.8%.

Sylvamo Stock Up 0.7 %

Shares of NYSE:SLVM opened at $62.05 on Wednesday. Sylvamo has a 1 year low of $37.59 and a 1 year high of $64.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.72 and a quick ratio of 1.14. The business’s 50-day moving average is $55.69 and its 200-day moving average is $49.81. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 0.36 and a beta of 1.10.

Sylvamo (NYSE:SLVMGet Free Report) last issued its earnings results on Thursday, February 15th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.34. The business had revenue of $964.00 million during the quarter, compared to the consensus estimate of $903.72 million. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 earnings per share. Equities research analysts predict that Sylvamo will post 5.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SLVM has been the topic of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $55.00 target price (up from $45.00) on shares of Sylvamo in a research note on Monday, February 26th. TheStreet raised shares of Sylvamo from a “c+” rating to a “b” rating in a research report on Wednesday, December 20th.

Check Out Our Latest Stock Report on SLVM

Insider Transactions at Sylvamo

In related news, SVP Peggy Maes sold 1,000 shares of Sylvamo stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total value of $55,090.00. Following the completion of the sale, the senior vice president now owns 10,535 shares of the company’s stock, valued at approximately $580,373.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Sylvamo news, CEO Jeanmichel Ribieras sold 12,226 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $62.94, for a total transaction of $769,504.44. Following the completion of the sale, the chief executive officer now directly owns 144,501 shares of the company’s stock, valued at approximately $9,094,892.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Peggy Maes sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total value of $55,090.00. Following the completion of the transaction, the senior vice president now owns 10,535 shares in the company, valued at approximately $580,373.15. The disclosure for this sale can be found here. Insiders have sold 26,951 shares of company stock valued at $1,618,664 over the last ninety days. 0.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sylvamo

Several institutional investors have recently bought and sold shares of SLVM. Mackenzie Financial Corp purchased a new position in Sylvamo during the 4th quarter worth $202,000. Point72 Middle East FZE purchased a new position in Sylvamo during the fourth quarter worth about $183,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Sylvamo in the 2nd quarter worth about $153,000. Point72 Hong Kong Ltd purchased a new stake in Sylvamo in the 2nd quarter valued at about $140,000. Finally, Captrust Financial Advisors lifted its position in shares of Sylvamo by 36.4% during the 2nd quarter. Captrust Financial Advisors now owns 3,744 shares of the company’s stock worth $122,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

About Sylvamo

(Get Free Report)

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.

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Dividend History for Sylvamo (NYSE:SLVM)

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