Rayonier Advanced Materials Inc (NYSE:RYAM) had declared a cash dividend of $0.0700 on Jul 22, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed for Sep 16, 2016. On Jul 22, 2016 share price, the yield comes out to be 1.8361%. The dividend payable date has been fixed on Sep 30, 2016.
In a different note, On Apr 25, 2016, RBC Capital said it Downgrades its rating on Rayonier Advanced Materials Inc. The shares have been rated ‘Underperform’ by the firm.
Rayonier Advanced Materials Inc (RYAM) shares turned negative on Thursdays trading session with the shares closing down -0.51 points or -3.52% at a volume of 5,09,777. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.57. The peak price level was also seen at $14.57 while the days lowest was $13.905. Finally the shares closed at $13.97. The 52-week high of the shares is $15.54 while the 52-week low is $5.75. According to the latest information available, the market cap of the company is $605 M.
Rayonier Advanced Materials Inc(RYAM) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $218.00M. Analysts had an estimated revenue of $208.12M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.15.
Several Insider Transactions has been reported to the SEC. On Sep 3, 2015, Lisa M Palumbo (director) purchased 5,000 shares at $5.94 per share price.Also, On Aug 26, 2015, Frank A Ruperto (CFO) purchased 5,000 shares at $6.61 per share price.On Aug 26, 2015, Paul G Boynton (CEO) purchased 15,000 shares at $6.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Rayonier Advanced Materials Inc. (Rayonier Advanced Materials) is primarily engaged in producing cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Cellulose specialties are polymers used as raw materials to manufacture consumer-oriented products such as cigarette filters liquid crystal displays impact-resistant plastics thickeners for food products pharmaceuticals cosmetics high-tenacity rayon yarn for tires and industrial hoses food casings paints and lacquers. Commodity products include commodity viscose and absorbent materials. Commodity products include commodity viscose and absorbent materials.