Sylvamo’s (SLVM) board of directors declared a quarterly dividend of 45c per share for the period of Oct. 1 to Dec. 31. The dividend is payable Oct. 17 to holders of record at the close of business Oct. 3. The board also authorized $150M for a share repurchase program to acquire the company’s common stock. This is the third share repurchase program the board has approved since 2022. The company recently exhausted the $150M share repurchase program announced Sept. 19, 2023, totaling $82M in share repurchases so far this year.
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