Stora Enso Oyj (OTCMKTS:SEOAY) Raises Dividend to $0.13 Per Share

Stora Enso Oyj (OTCMKTS:SEOAY) declared a dividend on Wednesday, February 12th, NASDAQ Dividends reports. Investors of record on Monday, March 24th will be given a dividend of 0.1348 per share by the basic materials company on Wednesday, April 9th. The ex-dividend date is Monday, March 24th. This is a 28.5% increase from Stora Enso Oyj’s previous dividend of $0.10.

Stora Enso Oyj Trading Down 2.7 %

Shares of Stora Enso Oyj stock opened at $10.08 on Friday. Stora Enso Oyj has a 1 year low of $9.43 and a 1 year high of $15.29. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of -63.00 and a beta of 0.86. The business has a fifty day simple moving average of $10.83 and a two-hundred day simple moving average of $11.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.12 and a quick ratio of 0.83.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Tuesday, February 11th. The basic materials company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.04). Stora Enso Oyj had a negative return on equity of 3.97% and a negative net margin of 1.29%. Research analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.