Schweitzer-Mauduit International, Inc. (NYSE:SWM) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.43 per share on Friday, December 22nd. This represents a $1.72 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42.
Schweitzer-Mauduit International has increased its dividend payment by an average of 8.7% annually over the last three years and has increased its dividend every year for the last 5 years. Schweitzer-Mauduit International has a dividend payout ratio of 54.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Schweitzer-Mauduit International to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 50.9%.
Shares of Schweitzer-Mauduit International (SWM) opened at $43.70 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.05 and a debt-to-equity ratio of 1.21. Schweitzer-Mauduit International has a 12-month low of $36.26 and a 12-month high of $47.01. The company has a market capitalization of $1,342.55, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29.
Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.18. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. The business had revenue of $257.80 million for the quarter, compared to the consensus estimate of $238.00 million. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s revenue was up 23.2% on a year-over-year basis. equities analysts predict that Schweitzer-Mauduit International will post 3.15 EPS for the current year.
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Separately, DA Davidson began coverage on Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They issued a “buy” rating and a $47.00 target price for the company.
About Schweitzer-Mauduit International
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
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