Rayonier Advanced Materials Inc (NYSE:RYAM) declared a quarterly dividend on Thursday, February 21st, Wall Street Journal reports. Investors of record on Friday, March 15th will be given a dividend of 0.07 per share by the basic materials company on Friday, March 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, March 14th.
Rayonier Advanced Materials has a dividend payout ratio of 12.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Rayonier Advanced Materials to earn $1.50 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 18.7%.
RYAM stock opened at $13.01 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 1.94. Rayonier Advanced Materials has a 52 week low of $9.45 and a 52 week high of $22.96. The firm has a market cap of $643.56 million, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.72 and a beta of 3.59.
Separately, ValuEngine raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.67.
COPYRIGHT VIOLATION WARNING: “Rayonier Advanced Materials Inc (RYAM) Plans $0.07 Quarterly Dividend” was posted by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://dakotafinancialnews.com/2019/03/13/rayonier-advanced-materials-inc-ryam-plans-0-07-quarterly-dividend.html.
Rayonier Advanced Materials Company Profile
Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Japan, Europe, Latin America, other Asian countries, Canada, and internationally. The company operates through High Purity Cellulose, Forest Products, Pulp, and Paper segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.
Read More: Understanding Stock Ratings
Receive News & Ratings for Rayonier Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.