Key Highlights

  • Sylvamo's $0.45 quarterly dividend for October 1 to December 31, 2026 has an October 2 ex-dividend date and is payable October 16.
  • Second-quarter net sales were $806 million versus $794 million, with a net loss of $11 million, or $0.28 per diluted share.
  • Adjusted EBITDA, a non-GAAP measure, was $60 million, compared with $29 million in the first quarter and $82 million in the second quarter of 2025.
  • The company states an $85 million unfavorable impact on full-year 2026 Adjusted EBITDA from its North America footprint transition.

Overview

Sylvamo Corporation's (NYSE:SLVM) $0.45 quarterly dividend yields 5.29% and sits beside a second-quarter net loss of $0.28 per diluted share. The Board declared the dividend on September 14, 2026 for the period of October 1 to December 31, 2026, the same $0.45 declared in February and May 2026 and in September 2025.

Dividend Program and Shareholder Returns

Sylvamo's Board declared a quarterly dividend of $0.45 per share for the period of October 1, 2026 to December 31, 2026, payable October 16 to holders of record at the close of business on October 2.

The February 23, 2026 declaration covered April 1 to June 30 and was payable April 28 to holders of record April 7. The May 14, 2026 declaration covered July 1 to September 30 and was paid July 28 to holders of record July 7. The company paid an $18 million dividend in the first quarter.

About the Company

Sylvamo describes itself as the world's paper company, with mills in Europe, Latin America and North America. It is headquartered in Memphis, Tennessee, and employs more than 6,500 colleagues. Net sales for 2025 were $3.4 billion.

Financial Performance Behind the Payout

Sylvamo reported second-quarter net sales of $806 million versus $794 million. First-half net sales were $1,561 million versus $1,615 million. The net loss was $11 million versus net income of $15 million, and the loss was $0.28 per diluted share versus income of $0.37.

Adjusted EBITDA was $60 million versus $82 million. Adjusted operating earnings were $1 million versus $15 million. Cash provided by operating activities was $38 million versus $64 million, and free cash flow was negative $23 million versus negative $2 million. North America sales were $411 million, Latin America $219 million and Europe $197 million.

The company said it generated most of its free cash flow in the second half in recent years.

A Transition Year: Riverdale, Eastover and Tariffs

Sylvamo describes 2026 as a transition year. The Riverdale supply agreement with International Paper terminated at the end of April, and an extended outage at the Eastover mill is scheduled while strategic investments are completed. Volume decreased primarily because of lower North America volume and an inventory build ahead of the Eastover outage.

The Eastover paper machine optimization project, scheduled for the fourth quarter outage, adds 60,000 short tons of uncoated freesheet capacity annually. The softwood operation is scheduled for the first quarter of 2027. The company has implemented uncoated freesheet price increases across all regions.

Outlook

Sylvamo states a $85 million unfavorable impact on full-year 2026 Adjusted EBITDA from the North America footprint transition, a $75 million to $85 million second-half price and mix benefit versus the first half, and an incremental annual Adjusted EBITDA benefit of $50 million from the paper machine speed-up and new sheeter, including $30 million to $40 million in 2027. Eastover project timing and planned maintenance outage costs are the items the company discusses.