Shares of Sylvamo Corporation (SLVM) are up more than 5% Wednesday morning after the company announced an additional share buyback of $150 million.
At the end of the second quarter, the company had about $30 million remaining in the $150 million share repurchase program announced in May last year.
The company also declared a dividend of $0.30 per share for the period of October 1, to December 31, as well as a special dividend of $0.30 per share, payable on October 17, to shareholders of record on October 3.
SLVM is at $44.57 currently. It has traded in the range of $33.30 - $57.38 in the last 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.