Sylvamo Corporation dividend – Sylvamo Co. Announces Quarterly Dividend of $0.30 per Share

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Sylvamo Corporation ($NYSE:SLVM), a publicly traded company, announced today that it will be paying a quarterly dividend of $0.30 per share to its stockholders. Sylvamo Corporation is a diversified conglomerate with operations spanning multiple sectors, including automotive, technology, and manufacturing. With a strong balance sheet and a long history of paying dividends, Sylvamo Co. has become an attractive investment for many investors.

The company’s history of consistent dividend payments demonstrates its commitment to providing value to its stockholders. This dividend payment also represents a great opportunity for long-term investors to capitalize on the company’s strong financial performance.

Dividends – Sylvamo Corporation dividend

This is a significant increase from its last two years, when it issued annual dividends per share of 1.05 USD and 0.48 USD. The dividend yields from 2022 to 2023 are estimated to be 1.73% and 0.54%, with an average dividend yield of 1.14%. This dividend payout is seen as a sign of the company’s commitment to rewarding its shareholders.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sylvamo Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sylvamo Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sylvamo Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Sylvamo Corporation are shown below. More…

Share Price

Following the announcement, the company’s stock opened at $49.0 and closed at $50.1, up by 2.7% from the previous closing price of 48.8. SYLVAMO CORPORATION‘s impressive performance demonstrates a commitment to rewarding its shareholders and improving the value of their investments. With this dividend, investors can look forward to receiving a steady and reliable income stream from the company for years to come. Live Quote…

Analysis

At GoodWhale, we analyze the fundamentals of SYLVAMO CORPORATION, and our Star Chart shows that it has a high health score of 8/10. This suggests that they have strong cashflows and low debt levels, suggesting that they will be able to sustain operations even in times of economic crisis. Additionally, as we classify SYLVAMO CORPORATION as a ‘cow’, a type of company that has a history of paying out consistent and sustainable dividends, it is likely to be attractive to dividend investors. Looking at its overall performance, we can see that SYLVAMO CORPORATION is strong in asset performance, profitability, and medium in dividend yields. However, it is weak when it comes to growth. As such, investors who are looking for a steady and reliable stream of income may be particularly interested in such a company. More…

Peers

Sappi Ltd, Nine Dragons Paper (Holdings) Ltd, and Tamil Nadu Newsprint & Papers Ltd are its main competitors.

– Sappi Ltd ($OTCPK:SPPJY)

Sappi Ltd is a global company that produces and sells dissolving wood pulp, paper pulp, and paper-based products. The company has a market cap of 1.62B as of 2022 and a Return on Equity of 19.4%. Sappi has operations in over 40 countries and employs over 11,000 people. The company’s products are used in a variety of industries, including textiles, food and beverage, pharmaceuticals, and construction.

– Nine Dragons Paper (Holdings) Ltd ($SEHK:02689)

As of 2022, Nine Dragons Paper (Holdings) Ltd has a market cap of 22.43B and a Return on Equity of 5.49%. The company produces recycled paper and paperboard products. It is the largest recycled paper manufacturer in China and the world.

– Tamil Nadu Newsprint & Papers Ltd ($BSE:531426)

Tamil Nadu Newsprint & Papers Ltd is a leading producer of newsprint and paper products in India. The company has a market cap of 18.77B as of 2022 and a return on equity of 10.38%. The company’s products include newsprint, writing and printing paper, packaging paper, and specialty paper. TNPL is one of the largest newsprint producers in the world and is also one of the largest paper producers in India. The company has a strong presence in the Indian market and is a major player in the global paper market.

Summary

Sylvamo Corporation is a good investment opportunity for long-term investors. The company recently announced that it will be issuing a quarterly dividend of $0.30 per share, providing investors with regular income. Its financials are strong, with healthy profits, positive cash flows, and low debt levels.

Its products and services are highly sought after in the market and its customer base is growing steadily. The company has a strong management team with a commitment to delivering shareholder value.