Smurfit Westrock Ltd (NYSE:SW) Announces $0.30 Semi-annual Dividend

Smurfit Westrock Ltd (NYSE:SW) announced a semi-annual dividend on Friday, July 26th, Wall Street Journal reports. Investors of record on Thursday, August 15th will be given a dividend of 0.3025 per share on Wednesday, September 18th. This represents a yield of 2.5%. The ex-dividend date of this dividend is Thursday, August 15th.

Smurfit Westrock Stock Performance

NYSE SW traded up $0.53 during trading hours on Tuesday, hitting $39.38. 602,265 shares of the company’s stock were exchanged, compared to its average volume of 7,639,033. The company has a market capitalization of $10.32 billion, a PE ratio of 32.65 and a beta of 1.05. Smurfit Westrock has a 12-month low of $38.55 and a 12-month high of $49.50. The company has a current ratio of 2.30, a quick ratio of 1.92 and a debt-to-equity ratio of 1.02.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SW. JPMorgan Chase & Co. reduced their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a report on Monday, July 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a research report on Wednesday, July 31st. Finally, Morgan Stanley started coverage on shares of Smurfit Westrock in a research note on Friday, July 19th. They issued an “overweight” rating and a $60.00 target price for the company.

Smurfit Westrock Company Profile

WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The company is one of the largest integrated producers of containerboard by tons produced, and one of the largest producers of high-graphics preprinted linerboard on the basis of net sales in North America.