Sappi Limited (OTCMKTS:SPPJY) to Issue $0.11 Dividend

Sappi Limited (OTCMKTS:SPPJY) announced a dividend on Thursday, December 19th,NASDAQ Dividends reports. Stockholders of record on Friday, January 10th will be paid a dividend of 0.1082 per share by the basic materials company on Thursday, January 23rd. The ex-dividend date is Friday, January 10th.

Sappi Price Performance

Sappi stock traded up $0.05 during midday trading on Thursday, reaching $2.85. 1,477 shares of the stock were exchanged, compared to its average volume of 3,380. Sappi has a 52 week low of $2.03 and a 52 week high of $3.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 1.50. The firm has a market cap of $1.60 billion, a PE ratio of 95.03 and a beta of 1.04. The company’s fifty day moving average is $2.86 and its 200-day moving average is $2.77.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.