Sylvamo Corporation (NYSE:SLVM) Announces Quarterly Dividend of $0.45

Key Points

• Sylvamo Corporation announced a quarterly dividend of $0.45 per share, with stockholders of record set to receive it on October 17th, reflecting a dividend yield of 4.1%.
• The company's recent earnings reported a miss of estimates, showing $0.37 EPS, with revenues down 14.9% year-over-year, amounting to $794 million.
• Analysts maintain a mix of ratings with one Buy, one Hold, and two Sell ratings, while the consensus target price stands at $71.00.

Sylvamo Corporation (NYSE:SLVM - Get Free Report) declared a quarterly dividend on Monday, September 15th. Stockholders of record on Friday, October 3rd will be given a dividend of 0.45 per share on Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, October 3rd.

Sylvamo has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sylvamo to earn $7.25 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 24.8%.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $44.25 on Tuesday. Sylvamo has a 12 month low of $37.51 and a 12 month high of $98.02. The company has a market cap of $1.79 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.43 and a beta of 1.00. The business's 50 day moving average is $46.40 and its two-hundred day moving average is $54.23. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 0.80.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The company had revenue of $794.00 million for the quarter, compared to the consensus estimate of $826.60 million. During the same period last year, the firm posted $1.98 EPS. The company's revenue was down 14.9% compared to the same quarter last year. On average, equities analysts expect that Sylvamo will post 7.45 EPS for the current year.

Wall Street Analysts Forecast Growth

SLVM has been the subject of several recent research reports. Zacks Research raised Sylvamo to a "strong sell" rating in a report on Monday, August 11th. Royal Bank Of Canada set a $49.00 target price on Sylvamo and gave the stock a "sector perform" rating in a research report on Monday, August 11th. Finally, Bank of America lowered their price target on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $71.00.

About Sylvamo

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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