Mercer International Inc. (NASDAQ:MERC) Declares Quarterly Dividend of $0.07

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) declared a quarterly dividend on Tuesday, May 4th, Wall Street Journal reports. Shareholders of record on Wednesday, June 30th will be given a dividend of 0.065 per share by the basic materials company on Wednesday, July 7th. This represents a $0.26 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, June 29th.

Mercer International has decreased its dividend by 29.3% over the last three years and has increased its dividend annually for the last 1 consecutive years.

NASDAQ MERC traded down $0.01 on Tuesday, hitting $16.15. The stock had a trading volume of 27,049 shares, compared to its average volume of 308,523. Mercer International has a 52-week low of $5.77 and a 52-week high of $18.14. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.81 and a current ratio of 4.16. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -13.69 and a beta of 1.93. The firm has a 50-day moving average of $15.48 and a 200-day moving average of $11.76.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Tuesday, February 16th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.25). The firm had revenue of $398.20 million during the quarter. Mercer International had a negative return on equity of 14.04% and a negative net margin of 5.68%. As a group, research analysts anticipate that Mercer International will post -0.09 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on MERC shares. Zacks Investment Research raised shares of Mercer International from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a report on Wednesday, April 21st. TD Securities reissued a “hold” rating on shares of Mercer International in a report on Thursday, April 29th. Raymond James set a $24.00 price target on shares of Mercer International and gave the stock a “strong-buy” rating in a report on Friday. Royal Bank of Canada increased their price target on shares of Mercer International from $16.00 to $19.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Credit Suisse Group increased their target price on shares of Mercer International from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.42.

Mercer International Company Profile

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. It operates through two segments, Pulp and Wood Products. The company also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.

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Dividend History for Mercer International (NASDAQ:MERC)

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