Sylvamo Corporation produces and supplies printing paper in Latin America, Europe, and North America. The company offers uncoated freesheet for paper products, such as cutsize and offset paper; and markets pulp, aseptic, and liquid packaging board, as well as coated unbleached kraft papers. It also produces hardwood pulp, including bleached hardwood kraft and bleached eucalyptus kraft; bleached softwood kraft; and bleached chemi-thermomechanical pulp. The company distributes its products through a variety of channels, including merchants and distributors, office product suppliers, e-commerce, retailers, and dealers. It also sells directly to converters that produce envelopes, forms, and other related products. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
Sylvamo Dividend Announcement
• Sylvamo announced a quarterly dividend of $0.45 per ordinary share which will be made payable on 2024-10-17. Ex dividend date: 2024-10-03
• Sylvamo annual dividend for 2024 was $1.50
• Sylvamo annual dividend for 2023 was $1.35
• Sylvamo's trailing twelve-month (TTM) dividend yield is 1.64%
• Sylvamo's payout ratio for the trailing twelve months (TTM) is 25.19%
Sylvamo Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-03 | $0.45 | quarterly | 2024-10-17 |
2024-07-08 | $0.45 | quarterly | 2024-07-29 |
2024-04-05 | $0.30 | quarterly | 2024-04-29 |
2024-01-03 | $0.30 | quarterly | 2024-01-25 |
2023-10-02 | $0.60 | quarterly | 2023-10-17 |
2023-07-05 | $0.25 | quarterly | 2023-07-27 |
2023-04-05 | $0.25 | quarterly | 2023-04-27 |
2023-01-03 | $0.25 | quarterly | 2023-01-25 |
2022-09-30 | $0.11 | quarterly | 2022-10-17 |
2022-06-16 | $0.11 | quarterly | 2022-07-15 |
Sylvamo Dividend per year
Sylvamo Dividend growth
Sylvamo Dividend Yield
Sylvamo current trailing twelve-month (TTM) dividend yield is 1.64%. Interested in purchasing Sylvamo stock? Use our calculator to estimate your expected dividend yield:
Sylvamo Financial Ratios
Sylvamo Dividend FAQ
Other factors to consider when evaluating Sylvamo as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Sylvamo's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Sylvamo publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Sylvamo distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Sylvamo are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Sylvamo sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Sylvamo distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sylvamo declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Sylvamo's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Sylvamo's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.