Schweitzer-Mauduit International, Inc. (NYSE:SWM) declared a quarterly dividend on Thursday, February 22nd, Fidelity reports. Investors of record on Friday, March 2nd will be paid a dividend of 0.43 per share on Friday, March 23rd. This represents a $1.72 annualized dividend and a yield of 4.34%. The ex-dividend date is Thursday, March 1st. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.38.
Schweitzer-Mauduit International has raised its dividend by an average of 5.0% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Schweitzer-Mauduit International has a payout ratio of 54.6% meaning its dividend is sufficiently covered by earnings. Research 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 (NYSE:SWM) traded down $0.44 during mid-day trading on Friday, reaching $39.67. The company had a trading volume of 35,427 shares, compared to its average volume of 152,417. Schweitzer-Mauduit International has a fifty-two week low of $36.26 and a fifty-two week high of $48.06. The company has a market capitalization of $1,220.00, a PE ratio of 35.59, a P/E/G ratio of 2.45 and a beta of 1.26. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.06 and a quick ratio of 2.05.
Schweitzer-Mauduit International (NYSE:SWM) last announced its earnings results on Wednesday, February 21st. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. The business had revenue of $235.70 million during the quarter, compared to analysts’ expectations of $224.80 million. During the same quarter last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. sell-side analysts expect that Schweitzer-Mauduit International will post 3.15 EPS for the current year.
Separately, Zacks Investment Research raised Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, November 28th.
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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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