Schweitzer-Mauduit International, Inc. (NYSE:SWM) will begin trading ex-dividend on November 25, 2020. The quarterly dividend payment of $ 0.44 per share is scheduled to be paid on December 18, 2020. The dividend yield based on the latest trading day closing price was 4.94 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 25, 2020.
Dividends History
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Schweitzer-Mauduit International, Inc. recently reported third quarter financial results on November 4, 2020, after market close, the Alpharetta based company communicated income for the third quarter of $ 1.16 per share, from the revenue of $ 279.30 million. The quarterly earnings developed 14.85 percent while revenues improved 8.93 percent compared with the same quarter last year.
Wall street analysts are predicting, SWM to report 3Q20 income of $ 0.74 per share from revenue of $ 258.42 million. The bottom line results beat street analysts by $ 0.42 or 56.76 percent, at the same time, top line results outshined analysts by $ 20.88 million or 8.08 percent.
Stock Performance
Shares of Schweitzer-Mauduit International, Inc. traded low $ -1.66 or -4.45 percent on Thursday, reaching $ 35.65 with volume of 261.50 thousand shares. Schweitzer-Mauduit International, Inc. has traded high as $ 37.33 and has cracked $ 35.34 on the downward trend
According to the previous trading day, closing price of $ 35.65, representing a 86.55 % increase from the 52 week low of $ 20.00 and a 20.02 % decrease over the 52 week high of $ 46.65.
The company has a market capital of $ 1.12 billion and is part of the Basic Materials sector and Paper & Paper Products industry.
Schweitzer-Mauduit International, Inc., together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
