Mercer International Inc. (MERC) Increases Dividend to $0.13 Per Share

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Wednesday, December 27th will be paid a dividend of 0.125 per share by the basic materials company on Thursday, January 4th. This represents a $0.50 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Tuesday, December 26th. This is an increase from Mercer International’s previous quarterly dividend of $0.12.

Shares of Mercer International (NASDAQ:MERC) opened at $14.30 on Friday. Mercer International has a 52 week low of $8.30 and a 52 week high of $15.00. The stock has a market capitalization of $929.74, a P/E ratio of 16.25 and a beta of 1.52. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40.

In other Mercer International news, Director Eric Lauritzen sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $10.96, for a total value of $54,800.00. Following the transaction, the director now owns 64,085 shares of the company’s stock, valued at $702,371.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jimmy S. H. Lee sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $10.94, for a total transaction of $273,500.00. Following the completion of the transaction, the insider now directly owns 2,211,345 shares in the company, valued at approximately $24,192,114.30. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 2,858,743 shares of company stock worth $35,311,751 and have sold 238,500 shares worth $2,938,085. Company insiders own 4.90% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/11/12/mercer-international-inc-merc-plans-dividend-increase-0-13-per-share.html.

A number of analysts have recently commented on MERC shares. BidaskClub downgraded Mercer International from a “hold” rating to a “sell” rating in a report on Friday, August 11th. TD Securities upped their price objective on Mercer International from $13.00 to $15.75 and gave the stock a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada increased their price target on Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Credit Suisse Group downgraded Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. Finally, CSFB cut shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Mercer International presently has a consensus rating of “Hold” and a consensus target price of $16.19.

About Mercer International

Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.

Dividend History for Mercer International (NASDAQ:MERC)

Receive News & Ratings for Mercer International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply