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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.