Smurfit Westrock Ltd (NYSE:SW) Plans $0.30 Quarterly Dividend

Smurfit Westrock Ltd (NYSE:SW) declared a quarterly dividend on Friday, October 25th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.3025 per share on Wednesday, December 18th. This represents a $1.21 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, November 15th.

Smurfit Westrock Trading Down 0.1 %

NYSE SW traded down $0.03 during trading hours on Wednesday, reaching $50.63. The company’s stock had a trading volume of 228,840 shares, compared to its average volume of 5,221,500. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The company has a 50-day moving average of $47.18. Smurfit Westrock has a 52 week low of $38.55 and a 52 week high of $54.32. The company has a market cap of $26.34 billion, a PE ratio of 281.52 and a beta of 1.04.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Smurfit Westrock in a research note on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target on the stock. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. Finally, Royal Bank of Canada upgraded shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $52.00 to $58.00 in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus price target of $57.43.

About Smurfit Westrock

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.