Stora Enso Oyj (OTCMKTS:SEOAY) Raises Dividend to $0.13 Per Share

Stora Enso Oyj (OTCMKTS:SEOAY) declared a dividend on Wednesday, February 12th, NASDAQ Dividends reports. Investors of record on Monday, March 24th will be paid a dividend of 0.1348 per share by the basic materials company on Wednesday, April 9th. The ex-dividend date of this dividend is Monday, March 24th. This is a 28.5% increase from Stora Enso Oyj’s previous dividend of $0.10.

Stora Enso Oyj Stock Performance

Shares of Stora Enso Oyj stock opened at $10.08 on Friday. The business’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $11.04. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.39. The firm has a market cap of $7.95 billion, a PE ratio of -63.00 and a beta of 0.86. Stora Enso Oyj has a 52 week low of $9.43 and a 52 week high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.04). Stora Enso Oyj had a negative net margin of 1.29% and a negative return on equity of 3.97%. Equities analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.