Stora Enso Oyj (OTCMKTS:SEOAY) Declares $0.10 Dividend

Stora Enso Oyj (OTCMKTS:SEOAY) declared a dividend on Wednesday, December 11th,NASDAQ Dividends reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.1049 per share by the basic materials company on Friday, December 27th. The ex-dividend date is Friday, December 13th.

Stora Enso Oyj Stock Performance

Shares of OTCMKTS:SEOAY opened at $10.27 on Friday. Stora Enso Oyj has a 1-year low of $9.53 and a 1-year high of $15.29. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $11.03 and a 200 day moving average price of $12.32.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The business had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative return on equity of 2.72% and a negative net margin of 0.75%. On average, equities analysts anticipate that Stora Enso Oyj will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SEOAY. Barclays raised Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 7th. BNP Paribas upgraded shares of Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th.

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.