Smurfit Westrock PLC (SW) to Issue Quarterly Dividend of $0.45 on September 10th

Smurfit Westrock PLC (NYSE:SW) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, August 14th will be given a dividend of 0.4523 per share on Thursday, September 10th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 14th.

Smurfit Westrock has raised its dividend payment by an average of 0.1%per year over the last three years.

Smurfit Westrock Stock Down 1.2%

NYSE SW opened at $47.68 on Friday. The business has a fifty day moving average price of $43.87 and a two-hundred day moving average price of $42.83. The stock has a market capitalization of $25.01 billion, a PE ratio of 50.72, a PEG ratio of 0.82 and a beta of 0.95. Smurfit Westrock has a fifty-two week low of $32.73 and a fifty-two week high of $52.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts expect that Smurfit Westrock will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smurfit Westrock

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in shares of Smurfit Westrock by 31.2% during the fourth quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after purchasing an additional 8,596,558 shares in the last quarter. State Street Corp increased its stake in shares of Smurfit Westrock by 3.6% in the fourth quarter. State Street Corp now owns 24,652,132 shares of the company’s stock valued at $953,311,000 after buying an additional 845,218 shares during the period. Orbis Allan Gray Ltd increased its stake in shares of Smurfit Westrock by 81.9% in the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after buying an additional 8,286,205 shares during the period. Geode Capital Management LLC raised its holdings in Smurfit Westrock by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after buying an additional 155,778 shares during the last quarter. Finally, Norges Bank bought a new position in Smurfit Westrock in the 4th quarter valued at approximately $495,335,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.