Sylvamo Announces Dividend, Share Repurchase Program
Sylvamo (NYSE: SLVM) announced two significant shareholder-friendly initiatives.
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The board also authorized
“This new share repurchase authorization reflects our confidence in Sylvamo’s long-term strategy and financial strength,” said Jean-Michel Ribiéras, chairman and chief executive officer. “We are committed to disciplined capital allocation and repurchasing shares when our share price is below its intrinsic value. Opportunistically repurchasing shares enhances shareowner value while maintaining the flexibility to invest in high-return projects that support our investment thesis.”
The repurchase program will follow applicable legal requirements, is subject to market conditions and other considerations, has no termination date and does not require the company to repurchase shares.
About Sylvamo
Sylvamo (NYSE: SLVM) is the world’s paper company with mills in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250915212018/en/
Investors: Hans Bjorkman, 901-519-8030, hans.bjorkman@sylvamo.com
Media: Adam Ghassemi, 901-519-8115, adam.ghassemi@sylvamo.com
Source: Sylvamo