Smurfit Westrock Ltd (SW) To Go Ex-Dividend on November 15th

Smurfit Westrock Ltd (NYSE:SW) announced a quarterly dividend on Friday, October 25th,Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.3025 per share on Wednesday, December 18th. This represents a $1.21 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, November 15th.

Smurfit Westrock Price Performance

NYSE SW traded down $0.03 during trading hours on Wednesday, hitting $50.63. The company had a trading volume of 228,840 shares, compared to its average volume of 5,221,500. Smurfit Westrock has a fifty-two week low of $38.55 and a fifty-two week high of $54.32. The stock has a market cap of $26.34 billion, a P/E ratio of 281.52 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The business’s 50 day moving average is $47.18.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SW. Royal Bank of Canada upgraded Smurfit Westrock from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $52.00 to $58.00 in a report on Thursday, October 31st. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Citigroup began coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.43.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.