Rayonier Advanced Materials Inc (RYAM) Plans $0.07 Quarterly Dividend

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.

Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Wednesday, February 13th. The basic materials company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.16). Rayonier Advanced Materials had a net margin of 6.05% and a return on equity of 15.08%. The business had revenue of $526.00 million for the quarter, compared to the consensus estimate of $541.71 million. During the same period in the prior year, the business posted $0.50 EPS. Rayonier Advanced Materials’s revenue for the quarter was up 50.7% on a year-over-year basis. Research analysts expect that Rayonier Advanced Materials will post 1.18 earnings per share for the current year.

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.

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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.

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Dividend History for Rayonier Advanced Materials (NYSE:RYAM)

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