Mercer Suspends Quarterly Dividend, Shares Fall

Dow Jones
Aug 01

By Stephen Nakrosis

 

Shares of Mercer International traded lower in the after-hours market after the company said it will pause its quarterly dividend with the view to prudently allocate capital.

The biomass and energy company had been paying a quarterly dividend of 7.5 cents per share.

After the bell Thursday, shares were trading 6.2% lower, at $3.48. The stock lost 7.7% in the day's regular session, closing at $3.71.

Juan Carlos Bueno, the company's chief executive officer, said the company views the decision as prudent from a capital allocation standpoint, as the company navigates an uncertain trade environment. Bueno said Mercer was reiterating its long-term commitment to a competitive dividend once the uncertainties are resolved.

For the second-quarter, the company reported a loss per share of $1.29 on revenue of $453.5 million.

Mercer said its second quarter results were negatively impacted by a weaker dollar and by current challenges in the global trade environment affecting pulp demand.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 31, 2025 17:29 ET (21:29 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10