MEMPHIS, Tenn. - Sylvamo (NYSE: SLVM), self-described as the world's paper company, has announced that its board of directors approved a quarterly dividend of $0.30 per share. This dividend applies to the second quarter of the fiscal year, spanning from April 1, 2024, to June 30, 2024. Shareholders on record as of the close of business on April 8, 2024, will be eligible for the dividend, which is scheduled to be paid on April 29, 2024.
The declaration of this dividend follows Sylvamo's financial performance in the previous year, with reported net sales amounting to $3.7 billion in 2023. The company, which is headquartered in Memphis, Tennessee, operates paper mills across Europe, Latin America, and North America, employing over 6,500 individuals globally.
Sylvamo's commitment to transforming renewable resources into paper products is part of its broader vision to be the preferred employer, supplier, and investment choice in its sector. The company's range of paper products is integral to various sectors, including education, communication, and entertainment.
This dividend announcement is a key financial event for Sylvamo's shareholders and is reflective of the company's performance and strategic financial decisions.
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