Rayonier Advanced Materials Inc. (RYAM) To Go Ex-Dividend on December 14th

Rayonier Advanced Materials Inc. (NYSE:RYAM) declared a quarterly dividend on Thursday, October 19th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.07 per share by the basic materials company on Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, December 14th.

Rayonier Advanced Materials has a payout ratio of 43.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Rayonier Advanced Materials to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 16.8%.

Rayonier Advanced Materials (RYAM) opened at $18.95 on Friday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.46 and a quick ratio of 1.20. Rayonier Advanced Materials has a 12-month low of $11.88 and a 12-month high of $19.14. The stock has a market cap of $813.17, a P/E ratio of 30.31, a PEG ratio of 5.87 and a beta of 4.41.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.12%. The firm had revenue of $210.00 million for the quarter, compared to the consensus estimate of $200.66 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts forecast that Rayonier Advanced Materials will post 0.64 earnings per share for the current year.

Several analysts have weighed in on the stock. Sidoti assumed coverage on shares of Rayonier Advanced Materials in a research report on Thursday, August 17th. They set a “buy” rating and a $19.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $18.00 target price on shares of Rayonier Advanced Materials in a research report on Friday, October 27th. ValuEngine downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.83.

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About Rayonier Advanced Materials

Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.

Dividend History for Rayonier Advanced Materials (NYSE:RYAM)

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