Sylvamo Announces Dividend

Rhea-AI Summary

Sylvamo (NYSE: SLVM) has declared a quarterly dividend of $0.25 per share for the period from April 1, 2023 to June 30, 2023. This dividend will be paid on April 27, 2023 to shareholders on record as of April 6, 2023. Headquartered in Memphis, Tennessee, Sylvamo is a leading paper company with operations across North America, Europe, and Latin America, generating net sales of $3.6 billion in 2022. The company aims to be the preferred employer and supplier in the industry, focusing on renewable resources to produce essential papers.

Positive

• Declared quarterly dividend of $0.25 per share.
• Demonstrates commitment to returning value to shareholders.

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• None.

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Sylvamo's (NYSE: SLVM) board of directors declared a quarterly dividend of $0.25 per share for the period of April 1, 2023, to June 30, 2023. The dividend is payable April 27, 2023, to holders of record at the close of business April 6, 2023.

About Sylvamo

Sylvamo (NYSE: SLVM) is the world's paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,500 colleagues. Net sales for 2022 were $3.6 billion. For more information, please visit Sylvamo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230221005815/en/

Investors: Hans Bjorkman, 901-519-8030, hans.bjorkman@sylvamo.com

Media: Adam Ghassemi, 901-519-8115, adam.ghassemi@sylvamo.com

Source: Sylvamo

FAQ

What is the dividend amount declared by Sylvamo (SLVM)?

Sylvamo (SLVM) declared a quarterly dividend of $0.25 per share.

When is the dividend payable for Sylvamo (SLVM)?

The dividend is payable on April 27, 2023.

What period does the recent dividend cover for Sylvamo (SLVM)?

The dividend covers the period from April 1, 2023, to June 30, 2023.

When is the ex-dividend date for Sylvamo (SLVM)?

The ex-dividend date is April 6, 2023.

What were Sylvamo's net sales for 2022?

Sylvamo reported net sales of $3.6 billion for 2022.