Stora Enso Oyj (OTCMKTS:SEOAY) to Issue $0.09 Dividend

Key Points

• Stora Enso Oyj has declared a dividend of $0.09 per share, with an ex-dividend date of September 25th and payment scheduled for October 9th.
• The company's recent quarterly earnings reported an EPS of $0.06, below analysts' expectations, while revenue was higher at $2.84 billion compared to the consensus estimate of $2.47 billion.
• The stock has faced mixed ratings from analysts, with two holding a "Hold" rating and two giving a "Sell" rating, reflecting concerns about its performance amid a negative net margin of 1.18%.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) declared a dividend on Friday, September 19th, investing.com reports. Stockholders of record on Friday, September 26th will be given a dividend of 0.0883 per share by the basic materials company on Thursday, October 9th. This represents a dividend yield of 79.0%. The ex-dividend date of this dividend is Thursday, September 25th.

Stora Enso Oyj Stock Down 0.4%

Shares of SEOAY stock traded down $0.04 on Tuesday, hitting $11.37. The company's stock had a trading volume of 6,078 shares, compared to its average volume of 76,861. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.80. Stora Enso Oyj has a fifty-two week low of $7.97 and a fifty-two week high of $13.58. The firm's fifty day moving average price is $11.30 and its 200-day moving average price is $10.37. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of -71.06 and a beta of 0.78.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Stora Enso Oyj had a negative net margin of 1.18% and a negative return on equity of 3.87%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.47 billion. Research analysts anticipate that Stora Enso Oyj will post 0.67 EPS for the current year.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.