Sylvamo announces $0.45 quarterly dividend per share

Published 15/05/2025, 21:22
Sylvamo announces $0.45 quarterly dividend per share

MEMPHIS, Tenn. - Sylvamo (NYSE: SLVM), known as the world’s paper company, has declared a quarterly dividend of $0.45 per share for the third quarter of 2025. The dividend is set to be paid on July 29, 2025, to shareholders who are on record as of July 8, 2025. According to InvestingPro data, the company has raised its dividend for three consecutive years, with a current yield of 3.19%.

The company, with operations spanning across Europe, Latin America, and North America, specializes in producing paper for various uses including education, communication, and entertainment. Sylvamo, with its headquarters in Memphis, Tennessee, is a significant employer in the paper industry, providing jobs to over 6,500 individuals. InvestingPro analysis shows the company maintains a strong financial health score, with a current ratio of 1.64 and an impressive return on equity of 32%.

In the previous year, Sylvamo reported net sales of $3.8 billion, reflecting its position in the paper production market. The announcement of the dividend follows the company’s vision to be the employer, supplier, and investment of choice by delivering value to its shareholders. Trading at a P/E ratio of 8.2, InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report.

The declaration of dividends is a common practice for companies to distribute a portion of their earnings back to their shareholders. Sylvamo’s dividend payout is part of its commitment to share its financial success with its investors.

This information is based on a press release statement from Sylvamo.

In other recent news, Sylvamo Corp reported its first-quarter 2025 earnings, revealing adjusted earnings per share of $0.68, falling short of the projected $1.03. The company’s revenue also missed expectations, coming in at $821 million compared to the anticipated $831.93 million. Operational challenges, particularly in North America and Europe, contributed to this performance, with the Riverdale mill experiencing a 30% volume shortfall. Despite these setbacks, Sylvamo remains optimistic about the latter half of the year, projecting a Q2 2025 adjusted EBITDA between $75 million and $95 million. The company is implementing strategic initiatives in Latin America and North America to improve performance. Additionally, Sylvamo announced leadership changes, with John Sims set to become CEO following Jean Michel Rivieres’ retirement at the end of the year. Analysts from Bank of America and RBC Capital Markets have been monitoring the company’s operational challenges and strategic changes. The company is also focused on reducing costs and improving efficiency in its European operations, aiming for significant improvements by 2026.

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