Sylvamo Announces Increases Quarterly Dividend From $0.25 To $0.30 And Includes Special $0.30 Special Dividend Per Share Which Is ~$12M
Portfolio Pulse from Benzinga Newsdesk
Sylvamo has announced a 20% increase in its quarterly dividend and a special dividend of $0.30 per share, which amounts to approximately $12M.
September 19, 2023 | 8:19 pm
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POSITIVE IMPACT
Sylvamo's announcement of a 20% increase in its quarterly dividend and a special dividend could potentially attract more investors, positively impacting its stock price in the short term.
Dividend increases are often seen as a sign of a company's strong financial health. As such, they can make the company's stock more attractive to investors, potentially leading to an increase in the stock price. The special dividend could also serve as an additional incentive for investors.
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