{"id":193908,"date":"2023-09-20T15:39:36","date_gmt":"2023-09-20T15:39:36","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193908"},"modified":"2023-09-20T15:39:36","modified_gmt":"2023-09-20T15:39:36","slug":"sylvamo-climbs-on-decision-to-buy-back-shares","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/sylvamo-climbs-on-decision-to-buy-back-shares\/","title":{"rendered":"Sylvamo Climbs On Decision To Buy Back Shares"},"content":{"rendered":"
Shares of Sylvamo Corporation (SLVM) are up more than 5% Wednesday morning after the company announced an additional share buyback of $150 million.<\/p>\n
At the end of the second quarter, the company had about $30 million remaining in the $150 million share repurchase program announced in May last year.<\/p>\n
The company also declared a dividend of $0.30 per share for the period of October 1, to December 31, as well as a special dividend of $0.30 per share, payable on October 17, to shareholders of record on October 3.<\/p>\n
SLVM is at $44.57 currently. It has traded in the range of $33.30 – $57.38 in the last 52 weeks. <\/p>\n