Suzano S.A. has officially declared a special dividend of $0.20 per share, marking a significant return for its investors. This announcement was made on December 11, 2023, with the payment scheduled for February 11, 2024. Shareholders of record as of December 22, 2023 will be eligible to receive this dividend, which reflects the company’s commitment to providing value to its stockholders.
The ex-dividend date for this special dividend is also set for December 22, 2023. Over the past three years, Suzano has demonstrated a steady increase in its dividend payments, averaging an annual growth of 0.2%. With a dividend payout ratio of 18.1%, the company maintains a strong position where its dividend is well-supported by its earnings.
Current Stock Performance and Financial Overview
As of the latest trading session, shares of Suzano (NYSE: SUZ) opened at $9.02. The company boasts a market capitalization of approximately $11.94 billion. Key financial metrics include a price-to-earnings (PE) ratio of 9.39, a price/earnings-to-growth (PEG) ratio of 0.09, and a beta of 0.74, indicating relatively low volatility in comparison to the broader market.
In terms of stock performance, Suzano has seen a 52-week low of $8.41 and a high of $10.86. Its financial stability is further underscored by a debt-to-equity ratio of 1.97, a quick ratio of 2.52, and a current ratio of 3.20. The company’s 50-day moving average price stands at $9.03, while the 200-day moving average price is $9.30.
Institutional Investor Activity
Recent activity among institutional investors and hedge funds suggests a growing interest in Suzano. Notably, Cubist Systematic Strategies LLC increased its stake in the company by an impressive 467.3% during the first quarter, bringing its total holdings to 1,379,355 shares, valued at approximately $12.81 million.
Additionally, Compass Rose Asset Management LP acquired a new stake valued at about $9.92 million in the third quarter, while Ramirez Asset Management Inc. invested around $6.41 million. American Century Companies Inc. also expanded its holdings by 36.2%, now owning 1,591,333 shares valued at $14.97 million.
Overall, institutional investors and hedge funds currently own 2.55% of Suzano’s stock, indicating a positive outlook from major investment entities.
Suzano S.A. is a prominent player in the production and sale of eucalyptus pulp and paper products, both in Brazil and internationally. The company operates through its Pulp and Paper segments, providing a wide range of products including coated and uncoated printing and writing papers, paperboards, tissue papers, and various pulps. Furthermore, Suzano engages in diverse activities such as biofuel production, port terminal operations, and the commercialization of industrial equipment.
As Suzano prepares to distribute this special dividend, the company continues to position itself favorably in the market, reflecting its financial health and commitment to rewarding shareholders.
